The Chinese shipping industry opens up
Oct 9, 2015
| By
Gradual de-regulation in China’s booming international shipping sector has been encouraging to foreign investors, and the most recent simplification of the approval process adds to the promising outlook. Here are the biggest rules of the PRC shipping business
The past decade has seen a marked relaxation of China’s policies towards foreign investors in general, and the Chinese shipping industry is no exception. The entry into force of the Measures for the Administration of the Examination and Approval of Wholly Foreign-owned Shipping Companies (Revised) (Measures) on 23 July 2015, is but the latest example of this trend and provides further welcome news for those foreign investors seeking to tap into the opportunities presented by China’s sprawling coastline and booming shipping industry.
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