In an article in today’s Chicago Tribune, In shipbuilding, party’s over, David Pierson, Tribune Newspapers, reports on the dramatic downturn in China’s shipbuilding industry.

For a decade the government poured money into building the ships needed to bring raw materials in to its factories and finished electronics, toys and other exports out.

Now, there is a glut of those ships as China’s economy is decelerating. “Fewer customers for Chinese exports and a shrinking appetite at home for raw materials . . . .”