As per a US think tank, contracts between China’s top state-owned shipbuilding firm and Taiwan’s leading shipping company are lowering the costs of upgrading the Chinese navy, which poses a national security threat for Taiwan.
China State Shipbuilding Corp (CSSC) is a key producer of vessels for China’s rapidly expanding People’s Liberation Army Navy (PLAN), and is thought to be building its third aircraft carrier.
Since 2018, Taiwan’s Evergreen Marine Corp has purchased 44 vessels from China, all but two of which were ordered from shipyards that produce Chinese warships, including CSSC.
The United States and France also buy ships from CSSC. Incidentally, the US has placed the Chinese company on an investment blacklist citing its link with the Chinese military.