Sub­si­dies hiked to large ship­builders

China Daily (Hong Kong) - - BUSINESS / DIGEST -

China, the world’s big­gest ship­build­ing na­tion, will in­crease cash sub­si­dies for scrap­ping ob­so­lete ships by 50 per­cent to help cut over­ca­pac­ity and emis­sions. The gov­ern­ment will grant 1,500 yuan ($247) per gross

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