John Sudworth, Charting the Effect of China's Cooldown. BBC, July 14, 2013 http://www.bbc.co.uk/news/business-23309801
("There is simply not enough global demand for new ships and, as in other industries in which China has over-invested, there is huge overcapacity, a total of 1,647 shipyards. The town of Changqingsha that has been built up around Rongsheng is now a ghost town")
Note:
(a) Changqingsha 江苏省南通市如皋市 长青沙乡 (with Rongsheng shipyard), located on 长青沙岛.
百度百科 http://baike.baidu.com/view/596357.htm
(b) The last sentence: "But there is a chance that it will prefer instead to send a signal that the much-trailed, big and painful shift in China's GDP model is now well and truly under way."
trail (vt): "To show a trailer of (a film, TV show etc.); to release or publish a preview of (a report etc.) in advance of the full publication. <His new film was trailed on TV last night> <There were no surprises in this morning's much-trailed budget statement>"
Wiktionary, undated. http://en.wiktionary.org/wiki/trail
John Sudworth, Can China's middle class spend the world out of recession? BBC, June 19, 2013 http://www.bbc.co.uk/news/business-22949602
("Mao Zedong spent years trying to eradicate the Chinese bourgeoisie, denouncing them, terrorising them and exiling them to the rural hinterland to learn from farmers like Mrs Liu. But today, with the same Communist Party still in power, the theory has been turned on its head, and now it's the peasants who are being pushed into the cities")