China to develop shipbuilding base in SE port city
A ten-year development program has been drawn up to develop Xiamen, a port
city in southeast China's Fujian province, into a shipbuilding base by 2015,
said the municipal source.
According to the plan, a group of shipbuilding and
shipyard enterprises will be built in the city, which are set to handle
100,000-tonnage vessels and other relevant services and
Shipbuilding will be a key industry in Xiamen, a place on the
west bank of the Taiwan Straits, which is expected to bring along development of
the electro-mechanical sector, steel and tourism,
said an official with the
local economic development bureau.
The official expects city's annual
shipbuilding capacity to reach 800,000 tons by 2010 with total industrial output
value reaching 3.2 billion yuan (US$395 million), which will be furthered to one
million tons and 4 billion yuan (US$493 million), respectively, by