Shipyards heading for stormy waters
By Zhou Siyu and Wang Ying | China Daily | Updated: 2012-02-07 07:58
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A ship under construction in Taizhou, East China's Zhejiang province. The weakening shipping market has pushed some small shipbuilders to the verge of bankruptcy. Jia Ce / for China Daily |
BEIJING/SHANGHAI - The approach of spring hasn't brought good tidings for Chinese shipyards, which continue to struggle as a sluggish world economy, a glut of vessels and surging fuel prices hurt shipping demand.
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