How did Zhejiang Shipyard close down?
Because of bankruptcy. Zhejiang Shipbuilding Co., Ltd., formerly known as Zhejiang Shipyard, was founded in 1969 and was originally an enterprise directly under the Zhejiang Provincial Communications Department. 1984 transferred to Ningbo, which belongs to Ningbo Machinery Industry Bureau. It was listed as a key enterprise by Ningbo in 1995, but in September of 15, Zhejiang Shipyard,