The **Abstract** outlines the main tasks of shipbuilding structural adjustment and transformation in the next three years. These include accelerating scientific and technological innovation, implementing an innovation-driven strategy, improving the level of key supporting equipment and materials manufacturing, optimizing the layout of shipbuilding industry productivity, enhancing demand structure, and promoting high-end product development. Other key goals involve stabilizing international market share, advancing the integration of military and civilian sectors, and strengthening enterprise management and industry services.
To support the sustainable and healthy development of the shipbuilding industry, the State Council recently issued the *Implementation Plan for Accelerating Structural Adjustment and Promoting Transformation and Upgrading of the Shipbuilding Industry (2013–2015)*. This plan marks a major policy initiative by the new government aimed at addressing current challenges and promoting steady growth through industrial reform. Premier Li Keqiang and other officials have emphasized the importance of industrial transformation, with specific measures being studied and deployed from the beginning of the administration.
The *Implementation Plan* highlights that since the 21st century, China’s shipbuilding industry has made significant progress, becoming one of the most influential players globally. However, factors such as the global financial crisis and a sluggish shipping market have led to insufficient new orders and falling prices, resulting in overcapacity. Despite these challenges, China has strong infrastructure, a complete supply chain, and a large domestic market, offering opportunities for growth. The plan encourages embracing the global trend of industrial adjustment and deepening structural reforms to enhance competitiveness.
Emphasizing the need for long-term development, the plan calls for improving the quality and efficiency of growth, innovating systems, and upgrading the technical and product structures. It also focuses on optimizing organizational and layout structures, resolving overcapacity issues, and fostering the transformation from a large-scale industry to a stronger, more competitive one.
Key tasks outlined in the plan include accelerating technological innovation, improving the production of key components, adjusting industry layouts, boosting demand for high-end products, maintaining international market shares, promoting military-civilian integration, and enhancing corporate management and industry services.
While the plan is seen as a positive step for the industry, many stakeholders believe that more concrete implementation is needed. Some companies have already started adapting by shifting focus away from traditional vessel types toward specialized marine engineering projects. However, current support policies are considered insufficient, with limited subsidies and unclear guidelines. Industry experts suggest that mergers, acquisitions, and increased market concentration could help improve order volumes and stability.
From a capital market perspective, the plan is expected to stimulate demand and help the industry recover from its downturn. While some policies exist, their effectiveness depends on clear conditions, such as ship age, size, and registration. Companies are hoping for more substantial support, including tax relief and subsidies, to navigate the challenging environment.
Overall, the *Implementation Plan* provides a roadmap for the shipbuilding industry’s future, aiming to transform it into a more advanced, efficient, and globally competitive sector.
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