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CSSC to merge with rival Chinese shipbuilder CSIC

CSIC and CSSC are preparing for a ‘strategic restructuring’ that could see the two largest shipbuilding companies in China fall under one corporate management. This comes under Beijing’s drive to create larger and stronger state-owned enterprises

Analysts say the move is inevitable as Beijing continues to push forward its state-owned enterprise reforms, while foreign shipbuilders are consolidating their businesses as well

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