China to build three world-class shipbuilding bases

By 2011, the Yangtze River Delta, the Pearl River Delta and the Circum-Bohai Bay region will be built into three world-class shipbuilding bases in China, according to a recent development program for the country’s shipbuilding industry. In addition, the program strongly supports the merger of China’s two leading shipbuilding companies: China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC).