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07 December 2019 The on-line newspaper devoted to the world of transports 23:47 GMT+1



July 2, 2009

Shipbuilding industry faces credit crunch

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) ......
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