Crucially, many of the commercial vessels built at Jiangnan are for foreign clients. According to publicly available information, Jiangnan Shipyard is expected to deliver over 40 commercial vessels between November 2021 and 2024. Nearly two-thirds of the orders currently on the books are from companies based outside of mainland China or Hong Kong, including in Brazil, France, the United Arab Emirates, Taiwan, Singapore, Japan, Sweden, and the Netherlands.
As past CSIS analysis has demonstrated, the dual-use nature of Chinese shipyards should raise significant red flags. The foreign capital flowing into Jiangnan and the dozens of other shipyards that dot China’s coast may both directly and indirectly help buoy the ongoing modernization of the PLAN. Foreign companies would do well to consider whether their vessels should be built alongside Chinese warships—including the Type 003.
IIRC it's CSIS that suggested the world to stay away from the Chinese shipyards in one article in 2020 or so, saying such businesses would help PLA Navy build up. The sour grape CSIS.
Fortunately this CSIS think tank does not suggest the world from stop doing businesses with China as it will enrich that nation and cause more funding upon the modernization and expansion of the PLA...
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