Taiwan: Shipbuilding market continues decline

Taiwan's shipbuilding market is still depressed despite recent economic growth and might not show a strong rebound until 2012, Taiwan's leading ship manufacturer said Wednesday.
Industry prices which have fallen sharply since the economic recession took hold in 2008, have only recovered to 80 percent of pre-crisis levels, said Tang Tay-ping, chairman of the state-owned shipbuilder, CSBC Corp.
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Source: Focus Taiwan