Swimming through troubled waters
By Zhong Nan | China Daily | Updated: 2016-06-13 07:52
China's ship-breaking industry is feeling hemmed in by low steel prices, scrap oversupply and green production methods
In 2014, the ship recycling industry was grey; it turned black in 2015; but, this year, it will go blood red.
That's not a dramatic line from a Hollywood take on some imminent industrial tragedy. It's the writing on the wall that workers of Zhoushan's ship-breaking yards in East China's Zhejiang province cannot escape but notice.
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