China's shipbuilding industry experiences a 19% YoY increase in ship exports, driven by global demand, tech progress, and new environmental regulations.
China's shipbuilding industry is forecasted to boost foreign trade this year due to global demand, tech progress, and new environmental regulations. Chinese firms exported 1,809 ships in the first four months, marking a 19% year-on-year increase and a 108.4% surge in value. Jiangsu province leads with shipyard exports reaching 34.83bn yuan, a 90.3% rise. The shift towards greener ships due to new regulations benefits Chinese shipbuilders with eco-friendly tech.
June 06, 2024
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