China's shipping industry woes

China Daily, 30 Nov 2009
China's shipbuilding industry has been hit hard by the slump in world trade. According to the World Trade Organization, international trade in and out of China fell by 20 percent in the first nine months of this year and by 17 percent across the globe.
According to the Chinese Ministry of Transport, container throughput into the country was down 7 percent from 126 million TEUs (container units) last year to 117 million TEUs this year.
Full Story