Sea Change
China Wants In On LNG Ship-Building
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  • lukelea

    Several years back the story was that China’s shipbuilding industry had seriously overbuilt. I guess that referred to freighters and conventional tankers. So here’s a way to keep that sector of their economy humming. The flaw in China’s economy is that it has no rational mechanism for the allocation of capital. The banking sector is owned by the state. No markets, no price system. In a word, waste. Terrible waste of the life savings of the Chinese people. I don’t see any way around that conclusion.

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