6 March 2005 — The New Dark Age
The China Shipping Group was founded on July 1,1997, in Shanghai. It is one of the 44 key state-owned enterprises under the direct administration of the government, but also has two publicly listed companies, China Shipping Development and China Shipping (Hainan) Haisheng, whose H shares and A shares are traded on the stock markets of Hong Kong and Shanghai respectively. These shares have risen 27 percent in Hong Kong in the past year, compared with tiny 2.4% increase in the Hang Seng index.