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 DEVELOPMENT OF CHINA'S INDUSTRY |
| In 2008, confronting various severe challenges such as international and domestic macro-economic situation and complicated changes of shipping markets, rapid fluctuation of the prices of raw materials including steel and Renminbi appreciation, the shipping industry proactively coped with them, thus the overall economic operation performed quite smoothly and major economic indicators continuously maintained rapid growth. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 48 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 2009, 45 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 661,780,000, down by 15.95£¥ 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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