Greater China

MOT further promotes shipping industry

Beijing: The Ministry of Transport has issued plans this weekend to implement further guidance to promote what it describes as the healthy development of the shipping industry as well as announcing plans to try and boost foreign investment in the Shanghai Free Trade Zone.

The nation is to encourage foreign companies to set up sole proprietorship shipmanagement companies, joint venture shipping companies and crew agencies, and will also support Chinese shipping companies to participate in foreign investment and multinational operation.

Middle and small-sized and private shipping companies’ cooperation and development will also be supported. [03/11/14]

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