How Chinese shipyards can survive and grow against a backdrop of slow growth and overcapacity is a question lingering in the mind of many of the managers of shipbuilding enterprises in the country. Xi Jinping, president of the People's Republic of China, has pointed out on a recent occasion the need to speed up the building of a strong supply and infrastructure system to bolster the country's military development. The two state-owned shipbuilding groups, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC) are the leaders in the field and an important national defence force. While reforms are being further implemented in the national defence sector, state-owned enterprises could be evaluated based on their market values in the future. Any moves of the two shipbuilding groups in either shipbuilding or capital markets would draw huge attention.
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