Slump in ship orders rocking industry
By Zhong Nan | China Daily | Updated: 2013-10-30 07:33
Even though China's shipyards received a surge of orders in the first three quarters of 2013, a recovery is still far off, industry experts said.
Low prices and a preponderance of orders for low-value vessels are undermining the sector, they added.
New orders totaled 38.06 million dead weight tons, up about 147 percent year-on-year, according to the Ministry of Industry and Information Technology.
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