Staying on top
China's shipbuilding industry has reached a critical historical juncture moving from scale leadership to value leadership, which is full of opportunities and challenges, Wang believes.
The domestic shipbuilding industry's rapid development has created the world's most complete industrial chain with good technological support and abundant talent.
"More importantly, it is an extremely healthy industry, allowing us to further develop and innovate the incremental market of cruise shipbuilding," said Yi.
Qin Qi, a senior engineer at the Marine Design &Research Institute of China said, "The process of China transiting from the world's largest shipbuilder to a maritime power is unstoppable".
"Strong support from the Chinese government, the gigantic domestic market, its complete industrial and manufacturing (base), and collaborative strengths guarantee the rise and rapid development of the country's shipbuilding industry," Qin said.
"In the meantime, the market mechanism allows China's shipbuilding industry to be competitive internationally through efficiency and quality.
"En route to becoming a world-class maritime power and shipbuilding power requires further reform and opening-up, and making quality, efficiency and technological advancement the priorities in every single task of shipbuilding," Qin said.
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