Although there is limited transparency to show the foreign capital flows in China's shipbuilding industry, "available evidence indicates that profits from foreign orders are likely lowering the costs of upgrading China's navy," Reuters quoted the report as saying.
"We believe the civil commercial ship building activities have nothing to do with national naval projects," Evergreen Marine said, adding its agreements with CSSC's commercial shipbuilding department were completely separate from CSSC's military department.
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