Shanghai Shipyard, subsidiary of China State Shipbuilding Corporation (CSSC), will collaborate with the state-owned bank over a range of financial products.
The shipyard is also set to benefit from developments in equipment manufacturing and infrastructure from the cooperation.
China’s shipbuilding industry is going through a severe recession as many shipbuilding enterprises have gone bust, but state-owned yards have been receiving financial support from the government to tide through the downturn.
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