Ministry of Industry and Information Technology: The shipbuilding industry will enter the period of frequent mergers and reorganizations in the next 2-3 years
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Guo Yanyan also stated that during the "Twelfth Five-Year Plan" period, China's shipbuilding industry should further optimize the industrial organization structure, further optimize the allocation of resources, promote cross-regional, cross-industry, cross-ownership, and other forms of mergers and reorganizations, and become bigger and stronger. To increase industrial concentration, promote large-scale and intensive development, and strive to have more than 5 enterprises in China entering the world's top 10 by 2015. Shipbuilding output of the top 10 companies will account for more than 70% of the country's total shipbuilding output.