Aircraft carrier a boost to shipbuilding

The launch of China's first domestically developed aircraft carrier is expected to boost the country's shipbuilding sector - especially military vessels, analysts said.

According to a research note from Guosen Securities, the market for the various military vessels which are in the aircraft carrier fleets could reach 100 billion yuan ($14.5 billion), while the maintenance and upgrade of the equipment would be a larger market.

"Our second aircraft carrier is designed, constructed and equipped independently," said Hu Wenming, chairman of China Shipbuilding Industry Corp, at the launching ceremony in Dalian, Liaoning province.