China’s Commerce Ministry said Tuesday it was banning dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean in the latest swipe by Beijing at U.S. President Donald Trump's effort to rebuild the industry in America.
The ministry also announced that it was also investigating a probe by Washington into China’s growing dominance in world shipbuilding. It said the U.S. probe threatens China's national security and its shipping industry and cited Hanwha's involvement in the investigation.
