Home markets are crucial to continued Chinese development says LR

摘要

Lloyd's Register sees the global recession and the potential for growth in China as an opportunity for the country to take the lead in shipbuilding and scrapping. Key to the next stage of the country's progress is the development of its domestic demand.rn"China has emerged in the firstrndecade of the 21st Century as arnmaritime superpower." This wasrnthe strong message delivered by Lloyd'srnRegister group director of businessrndevelopment John Stansfeld.rnHe pointed out that China's economic development has been driven predominantly by globalisation, thus its economic strategy centred firstly on industrial exports. The country's shipbuilding industry has reflected this in its order-book: the majority of ships built or on order were contracted by foreign owners.