China bulks up in cruise-ship construction. Many question whether state subsidies for the business will be money well spent

At first glance the balcony-lined silhouette of the Norwegian Joy, a new cruise ship, looks like any other Western liner moored in Shanghai. But a 333-metre-long Chinese artwork of a phoenix on its topsides signals its distinctive status as the first ship designed especially for China’s expanding cruise market. (economist.com)