China's government may unveil fresh measures to support the country's shipbuilding and aerospace industries, China Securities Journal reported Monday.
The central government will likely extend preferential tax and credit policies to key domestic shipbuilders and makers of aircraft engines, the report said.
Chinese ministries are drawing up plans to stimulate the two sectors following studies by the Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission late last year.
Particularly Chinese shipbuilders had taken a big blow last year as newbuilding orders fell dramatically and ship prices plummet.