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Yard Talk | State advances, private sector retreats

Of China’s privately-run former star performers, Rongsheng is to be sold for HK$1 and Dayang has been taken over by a state-owned trading firm. However, Yangzijiang, a successful survivor of the market downturn, is striving to climb up the value chain by building large LNG carriers

Its recent partnership with Mitsui to build large LNG carriers is an opportunity for Yangzijiang to once again demonstrate that it can do a better job than its state-owned peers

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