China Accounted for 19% of the World’s Shipbuilding Market

China’s Shipbuilding industry developed rapidly during the 10th Five-Year Plan period (2000-2005) with an average annual growth rate of 29%. In 2006, China’s shipbuilding output reached 14.52 million deadweight tons, which accounted for 19% in global shipbuilding market and ranked third of the world for 12 consecutive years