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China's participation a question mark at important meeting on state aid to yards

China, the world's largest shipbuilding nation, has not yet announced its participation in an upcoming critical OECD meeting, where member states will discuss the controversial state subsides for crisis-struck yards, reports Fairplay.

Photo: Scanpix Ritzau/AP/Ben Margot

China may not be participating in a critical OECD meeting about state subsidies to shipyards, according to media Fairplay.

In four weeks, three of the four major players in the yard industry – Japan, South Korea and the EU – will meet to discuss controversial subsidies for crisis-struck yards. South Korea and China in particular have been criticized for their direct state aid. However, China, the world's largest yard nation, has not yet announced its participation in the meeting.

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