Washington DC, April 22 -- The Select Committee on China expressed its approval of the US Trade Representative's conclusions from the Section 301 investigation regarding China's excess shipbuilding capacity.

In a unified statement, Chairman John Moolenaar and Ranking Member Raja Krishnamoorthi conveyed their optimism about the USTR's choice to finally address Beijing's extensive use of subsidies and state-run companies to gain control over global shipbuilding and maritime logistics, as per a release from SCCCP.

"We are encouraged by USTR's decision to take meaningful action to counter China's unfair and aggressive push to dominate global shipbuilding and maritime logistics. This is the same playbook we've seen in semiconductors and sola...