China Bans Foreign Ships From Rivers as Local Operators Struggle
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China will ban foreign vessels from sailing on domestic waterways including the Yangtze River, the world’s busiest for freight, as local operators struggle to make money amid a global shipping glut.
Overseas investors will also be barred from engaging in river shipping, including through the use of Chinese vessels, according to a statement posted on the government’s website yesterday. The ban, which comes into effect Jan. 1, doesn’t apply to vessels registered in Hong Kong, Macau and Taiwan.