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China seeks to boost shipping industry

Chinese reforms would allow foreign companies to establish shipping companies in Shanghai FTZ.

New guidelines issued by China’s state council “aim to boost the deficit-plagued sector.” Ten shipping companies listed in China reported a loss of $243 million in the first six months of this year, according to a Chinese newspaper.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.