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Philippines Should Take Over Shipyard to Keep It From Chinese, Officials Say

Jan 17, 2019 - The New York Times
Bankruptcy

MANILA — The Philippine government should take control of the country’s largest shipyard, the defense secretary said on Thursday, after officials raised concerns that Chinese companies seeking to take it over would act as agents of Beijing, projecting China’s power deeper into the region.

Among the foreign companies expressing interest in the sprawling shipyard on Subic Bay are two Chinese firms, one of which is state-owned, according to Philippine officials. They have voiced fears t...