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56 Hu Wenming, CSIC and Lei Fanpei, CSSC

Both shipbuilding chairmen, Hu Wenming of CSIC and Lei Fanpei of CSSC, come from the country’s aerospace industry, where state-owned companies are viewed as more advanced in technology development and mature in corporate governance

Chairmen face a management reshuffle and state bailout, which are expected to pave the way for the merger of Beijing’s two largest shipbuilding conglomerates


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