China’s shipyards brace for downturn

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Not long ago Zhang Zhirong, a successful young property tycoon in Shanghai, decided to try something new: shipbuilding.
In 2005, he started building his first shipyard. A mere three years later, he delivered his first ship, setting an industry record for China. Mr Zhang’s company, Rongsheng, was on its way to becoming the sixth largest shipyard in the world, the position it occupies today.
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Source: Finalcial Times