Chinese ship-builders have been lobbying hard for a yuan devaluation.

ECONOMIST: Shipping

Another Chinese marine surveillance ship fleet carried out regular patrols in the South China Sea on Sunday, according to Xinhua.

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An as-yet-unspecified second wave will see Chinese handset giant Huawei ship them too.

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According to stories, a ship from the Chinese admiral's fleet is thought to have foundered off the coast of Kenya in the early 1400s.

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The Chinese want the money as the ship sails: the Europeans want to pay when it arrives.

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The first ship was delivered to the Chinese navy in Shanghai on Monday, state-run news agency Xinhua said.

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They also talked about developing a free-trade zone that Chinese manufacturers could use to assemble and ship their products at lower cost.

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Vast ship-borne imports of iron ore, coal and bauxite make up other raw ingredients for Chinese growth.

ECONOMIST: Banyan