Independent journal on economy and transport policy
01:44 GMT+2
Shipbuilding industry faces credit crunch
(China Daily)
July 2, 2009
By Yu Hongyan (chinadaily.com.cn)
Alongside the plummeting orders , China's shipbuilding industry is suffering another headache: shortage of funds.
The country's ship builders received 1.18 million deadweight tons (DWT) of new orders in the first five months this year, a decrease of 96 percent year-on-year, according to statistics from the Ministry of Industries and Information Technology (MIIT) ...... Read more on China Daily
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