China's 1,647 shipbuilding-related companies over a certain size recorded total production value of completed products in 2012 increased by 3.4% year-on-year to CNY 790.3bn ($127bn).
Shipbuilding industry saw its production value of completed products declined by 0.1% against the previous year to CNY 595.1bn, while production values of ship equipment, ship repair and ship conversion industries stood at CNY 113bn, CNY 18.1bn and CNY 31.7bn, up by 15.1%, 11.6% and 23.6%, respectively, according to latest report from the China Association of the National Shipbuilding Industry (CANSI).