China’s state-owned giant COSCO Shipping has strongly opposed the recent US move targeting China’s maritime logistics and shipbuilding sectors, calling it “discriminatory” and “harmful” to global trade stability.

In response to the Office of the United States Trade Representative (USTR)’s new decision concerning the Section 301 investigation into China’s dominance in the maritime industry, COSCO has underscored that it not only “distorts fair competition” but also hinders the “normal functioning of the global shipping industry .”