Shipbuilders facing choppy seas
By Ding Qingfen | China Daily | Updated: 2009-07-30 08:00
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Ships being built at a shipyard in Wuwei county, Anhui province. Chinese shipbuilders are witnessing falling orders due to the effect of the global economic slowdown. Zhang Yong |
For Chinese shipbuilders, this is probably the worst of times -- and the hardest period has yet to come. Major ship owners, both domestic and foreign, are expected to go slow on new orders during the next one-and-a-half year as they wait for the global economy to recover.
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