China’s Ministry of Industry and Information Technology (MIIT) has released a draft revision of the shipyard white list to seek advice from the public.
The proposed draft intends to give ailing domestic yards, especially the private yards, more breathing space amid the continued slump in the shipbuilding sector.
In the draft, the ministry has removed a provision which stipulates shipyards that are not included in the white list will not receive favorable policy support, and added that “the white list is a fundamental evaluation basis for the shipyards to get prioritized policy support”.
Since MIIT introduced the white list policy for the shipbuilding industry in 2014 to tighten control of domestic yards, some medium and small sized shipyards not included in the list have been complaining that the policy has made it difficult for them to secure financing.
Following a reshuffle in 2017, the shipbuilding white list included 70 shipyards.