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DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2007, that international trade increased significantly and the scale of China¡¯s import and export continuously expanded created a good environment for development of Chinese vessel industry |
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STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 140 foreign investment projects in Shipbuilding industry (Shipbuilding Industry (Code C375) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) were newly set up in 2007, 9 more than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 554800,000, up by 47.14£¥ year-on-year. |
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COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Upon accession, the bound rates of import duties for finished oil tankers, crude oil tankers, liquefied national gas carriers, liquefied petroleum gas carriers, refrigerated vessels, motor container vessels, motor ro-ro carriers, motor bulk carriers are the same 9%, while the bound rates of tariff for other vessels and accessory equipments are unequal, from 3% to 9% respectively. |
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DEVELOPMENT OF GLOBAL INDUSTRIES |
| In 2006 the growth rate of world trade was up to 9.7%, while that of shipping turnover volume was around 5%~6%. Meanwhile, fleet tonnage was increased by 6.1%; merchant vessel tonnage had reached deadweight tonnage of 960 million. From the perspective of supplies and needs, 2006 shipping market had reshuffled from the supplies of vessels couldn¡¯t satisfy the needs of goods transportation to supplies basically balanced with needs. |
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