Beijing to ease foreign stake cap in shipbuilding
Foreign investors will be allowed to hold a controlling stake in shipbuilding companies in China in 2018, after president Xi Jinping said earlier this month that the country would further liberalise its economy
Japan’s Kawasaki Heavy Industries has two joint venture shipyards in China — Nantong COSCO KHI Ship Engineering and Dalian COSCO KHI Ship Engineering — with China Cosco Shipping Group.
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