Iran war exposes a weakness in China’s vast shipping sector: a lack of insurers
www.scmp.com
China’s maritime sector still relies on overseas legal and financial service providers, a potential strategic vulnerability in a turbulent world.

The havoc unleashed on global shipping by the US-Israel war on Iran has underlined China’s urgent need to fix its lack of a robust maritime insurance industry, a shipping expert has said. “In the maritime shipping sector, China’s industrial chain for ‘hardware’ is very well-established and mature,” said Chen Jihong, director of the Shenzhen International Maritime Research Institute. “However, when it comes to ‘software’, we are still constrained by others, and it will be difficult to change any…

From China - South China Morning Post via This RSS Feed.