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A stimulus program to revive China's shipbuilding industry is being discussed and will be submitted to the State Council for approval in early 2009, reported China Business news quoting a senior industry official. Zhang Guangqin, chairman of China Association of the National Shipbuilding Industry, said the stimulus package provides detailed instructions to Chinese shipbuilders that will help them cope with the financial crisis in the next two to three years. The programme will emphasise the shipping of energy resources and strategic materials such as crude oil by state-owned fleets.
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