This robust expansion in shipbuilding, alongside other key initiatives such as increased exports and automotive production, plays a critical role in absorbing China’s steel surplus exacerbated by the slowdown in its domestic real estate sector.
With new orders steadily climbing at Chinese shipyards – particularly for tankers and container ships – shipbuilding is emerging as a strategic and resilient channel for managing China’s excess steel, shielded from global protectionist pressures, over the next 3–5 years.
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