In recent years,China's shipbuilding industry has witnessed rapid growth.It's reported that china has set the goal to grab 16% of the world market share with the annual output of shipbuilding reaching 10 million deadweight tonnage by 2005, and 24 million deadweight tonnage representing 35% of the world market share by 2015. In addition, over 80% of the marine equipment to be installed on board will be made in China by 2010, compared with the current ratio of 30%. Is it possible for China to realize this goal in less than six years? No wonder there lies a doubt.
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