By Michael Martina WASHINGTON (Reuters) – Contracts between China’s top state-owned shipbuilding firm and Taiwan’s leading shipping company are likely lowering the costs of upgrading China’s navy, posing security concerns for the island claimed by Beijing, a U.S. think tank said on Thursday. China State Shipbuilding Corp (CSSC) is a key producer of vessels for China’s rapidly expanding People’s Liberation Army Navy (PLAN), and is thought to be building its third aircraft carrier. Taiwan’s Evergreen Marine Corp has purchased 44 vessels from China since 2018, all but two of which were ordered fr…

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