Changxing on course to be country's shipbuilding capital

Shipbuilding has been an important part of the economy of the Changxing Island Harbor Industrial Zone throughout its history. By September of this year, the area had attracted investment worth more than 60 billion yuan. One such investor is South Korea's STX Group, the fourth largest ship manufacturer in the world, whose investment accounts for more than one fifth of the total in the region.

At present, the zone has also signed contracts with the STX (Dalian) Shipbuilding Group, the Dalian Shipbuilding Industry Company, Singapore's IMC Group, and the International Marine Containers (Group) Ltd (CIMC). Facilities for shipbuilding and other marine engineering initiatives are currently under construction for all four of these major businesses.

When these new facilities enter operation, the annual shipbuilding capacity in the region will reach 15.6 million deadweight (dwt), which will make the island the largest shipbuilding base in China.