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Business deals

Huge China tech merger marks latest push for scale in US rivalry

Beijing accelerates state-sector consolidation to build bigger champions

Military supplier China Electronics Technology Group, whose group companies include Hikvision, the world's largest supplier of surveillance cameras, is on track for a megamerger with Potevio.   © Reuters

BEIJING/HONG KONG -- The Chinese government has greenlighted the merger of two major state-owned technology companies as it seeks to build bigger industrial groups that can better compete with U.S. and other rivals.

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