October 24 - According to a Reuters report, China is set to prohibit domestic companies from operating foreign-made ships on domestic waterways and will block foreign shipping companies from selling services in China
Reuters reports that the regulations have been issued by China's State Council to protect the domestic shipping industry, hard-hit by overcapacity and slowing global trade, and could signal plans to restrict foreign companies from selling into upcoming waterway infrastructure projects.
For the full story visit:
http://www.reuters.com/article/2012/10/23/china-shipping-regulation-idUSL3E8LN0W820121023
