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10 August 2020 The on-line newspaper devoted to the world of transports 04:24 GMT+2

December 28, 1998

Slump in Chinese shipbuilding

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 ......
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