A building binge fueled by boom times has led to a glut of ships as China's economy slows down. China's expansion of the sector has only compounded the problem. YUEQING, China — A shipbuilding boom raised the fortunes of this hardscrabble industrial port. Five-star hotels sprouted along with machinery depots and metal shops. European luxury cars darted past heavy trucks on the bustling streets.
A building binge fueled by boom times has led to a glut of ships as China's economy slows down. China's expansion of the sector has only compounded the problem. YUEQING, China — A shipbuilding boom raised the fortunes of this hardscrabble industrial port. Five-star hotels sprouted along with machinery depots and metal shops. European luxury cars darted past heavy trucks on the bustling streets.
