China Sanctions Five Hanwha Ocean Units Over US Investigation

China’s Commerce Ministry has banned Chinese companies from engaging with five subsidiaries of South Korean shipbuilder Hanwha Ocean, in response to a U.S. investigation into China’s shipbuilding dominance. This escalation, amid rising tensions in U.S.-China trade relations, raises concerns over the future of bilateral talks and reflects China’s retaliation against U.S. efforts to bolster its shipbuilding industry.

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