Private shipyard seeks government cash help

China Rongsheng Heavy Industries Group Holdings Ltd is in talks with two coastal cities and government departments to secure financial assistance after the nation's ship-owners association forecast a slump in vessel orders will run through next year. The country's largest shipyard outside State control is in discussions with the cities of Rugao and Nantong and some ministry-level departments related to the shipping industry, Rongsheng spokesman William Li said on Tuesday.

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