Shipbuilding output surges and new orders jump, Michael Pettis notes

Shipbuilding output surges and new orders jump, Michael Pettis notes
Shipbuilding output and orders surge

Michael Pettis, industry influencer, reports that from January to March, the country's shipbuilding output increased by 46 percent year on year, reaching 57.3 percent of the global total.

Additionally, new shipbuilding orders surged by 195.2 percent from a year earlier, now representing 84.9 percent of the global market share.

Pettis previously reported that China shifted dollar reserves from official entities to state banks and investment funds. In an earlier note, he wrote that financial crises are shaped by societies’ political structures and blind spots, not just by external shocks (1/5 notes). The recent shipbuilding data come as market observers assess broader economic policy moves.

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