The Chinese Academy of Social Science issued the Annual Report on Industrial Competitiveness of China (2010) on August 22 in Beijing, stating that the competitiveness of China’s shipbuilding industry has entered top three in the world.

The Annual Report introduced that since the mid 90s, the main competitiveness pattern of the shipbuilding industry of the world has maintained a tripartite confrontation of China, Japan and South Korea with European shipbuilding industry fading. From 1994 to 2000, China’s shipbuilding industry ranked the third across the globe all the time, with the international market share ranging from 4% to 7% while that of Japan and South Korea both exceeded 30%. China’s shipbuilding capacity and handling orders of shipbuilding have maintained a fast growth for 6 consecutive years, with three large indictors for shipbuilding of China all surpassing those of Japan, ranking the second worldwide.