China Poised to Gain Control as Shipyard Shakeout Looms

China Poised to Gain Control as Shipyard Shakeout Looms

Qilai Shen/Bloomberg

Workers weld a steel frame at the China CSSC Holdings Ltd. Chengxi Shipyard in Jiangyin, China. State-run shipbuilding companies are at an advantage because they have easier access to credit to pay workers, buy raw materials and provide financing for clients.