Independent journal on economy and transport policy
01:39 GMT+2
Slump in Chinese shipbuilding
(Sched Net)
December 28, 1998
CHINA is facing a major downturn in its shipbuilding industry, despite the fact that demand from its own domestic market for ships is relatively healthy.
China has lost orders to overseas builders because of currency devaluations in Japan and South Korea and the regional economic turmoil.
Industry sources also point to the attractive credit terms foreign ...... Read more on Sched Net
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