China to protect inland shipping

China is to prohibit domestic companies from operating foreign-made ships on domestic waterways and will block foreign shipping service firms from selling services in China, according to regulations issued by China’s State Council.

The rules protect the domestic shipping industry, hard-hit by overcapacity and slowing global trade, and could signal plans to restrict foreign companies from selling into upcoming waterway infrastructure projects approved as part of a 1 trillion yuan (US$160 billion) spending package in September.

via Business feed http://www.scmp.com/business/economy/article/1067939/china-protect-inland-shipping