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Chinese eye largest Philippine shipyard after Hanjin default

Former US base offers hub for Beijing projects

A U.S. Air Force C-130 aircraft prepares to deploy a bundle near Subic Bay during annual joint training between the Philippine armed forces and the American military. (U.S. Air Force photo)

MANILA -- Chinese companies have expressed interest in taking over the Philippines' largest shipyard after the local unit of South Korea's Hanjin Heavy Industries and Construction filed for rehabilitation this week.

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