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China unfairly dominates shipbuilding, finds US probe, paving way for penalties

Investigators concluded that China focused the shipbuilding and maritime trade for dominance, utilizing monetary assist, limitations for international corporations, pressured expertise switch and mental property theft and procurement insurance policies to present its shipbuilding and maritime trade a bonus, mentioned one of many sources, who was not approved to talk publicly.

Beijing additionally “severely and artificially suppressed China’s labor prices within the maritime, shipbuilding and logistics sectors,” that individual added, citing excerpts of the report.


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Ryan

Ryan O'Neill is a maritime enthusiast and writer who has a passion for studying and writing about ships and the maritime industry in general. With a deep passion for the sea and all things nautical, Ryan has a plan to unite maritime professionals to share their knowledge and truly connect Sea 2 Shore.

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