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- China to aid ailing shipbuilders with more subsidies
China is handing out new subsidies for buying ships to help its beleaguered shipbuilders, confounding a government pledge to reduce support for sectors with over-capacity in order to reform the economy. The central government will set aside "special funds" that give shippers subsidies of 1,500 yuan per gross ton -- a unit of measure for the volume of vessels -- to replace old models with new and ...
Dec. 9, 2013 - Reuters via Yahoo! News