Is China trying to protect its own shipping industry?
China's rejection of the P3 alliance between three European container carriers looks, according to several observers, like an attempt to protect the country's own shipping interests, reports news agency Reuters.
BY OLE ANDERSEN
The Chinese authorities' rejection of the P3 alliance between the three European container carriers Maersk Line, CMA CGM and MSC looks like an attempt to protect the country's own shipping industry against more efficient competitors, just as the rejection could be a sign of increasing Chinese protectionism, several analysts and observers tell news agency Reuters.
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