Chinese Shipbuilding Giant Says Operation Not Affected by U.S. 301 Probe

China State Shipbuilding Corp., the world’s largest shipbuilder, responded to the United States’ probe into China’s shipbuilding industry, saying its operation is normal and has scheduled production for the next four years.

The state-owned shipbuilder, known by its initials CSSC, received 353 new ship orders in the first quarter, a 10.9% increase from the same period last year, the company said Tuesday while replying to investors’ questions about the investigation at the Shanghai Stock Exchange’s investor interactive platform.