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02 April 2020 The on-line newspaper devoted to the world of transports 04:57 GMT+2

June 1, 2015

Shipbuilding industry in China has titanic money problems

Statistics compiled by reporters of Chinese online business news service Caixin show that five major shipbuilding enterprises in China have gone bankrupt over the past six months.
In December 2014, Ming De Heavy Industry, the leading shipbuilder in Nantong, Jiangsu province, was told by its creditors to undergo bankruptcy reorganization ......

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