YUEQING, China — A shipbuilding boom raised the fortunes of this hardscrabble industrial port. Five-star hotels sprouted along with machinery depots and metal shops. European luxury cars darted past heavy trucks on the bustling streets.
Sunday, August 5, 2012
In China, shipbuilders languish after bubble bursts
A building binge fueled by boom times has led to a glut of ships as China's economy slows down. China's expansion of the sector has only compounded the problem.
YUEQING, China — A shipbuilding boom raised the fortunes of this hardscrabble industrial port. Five-star hotels sprouted along with machinery depots and metal shops. European luxury cars darted past heavy trucks on the bustling streets.
YUEQING, China — A shipbuilding boom raised the fortunes of this hardscrabble industrial port. Five-star hotels sprouted along with machinery depots and metal shops. European luxury cars darted past heavy trucks on the bustling streets.
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