DALIAN, China -- The two largest shipbuilders in China will merge, forming a commercial and military contractor expected to hold a global market share of nearly one-fifth, after the government on Friday approved their planned union.
Transportation
Top Chinese shipbuilders CSSC and CSIC win approval for merger
State-owned groups to form bigger challenger to South Korea's Hyundai Heavy
China's CSSC, the second-largest shipbuilder in the world, will merge with third-ranked compatriot CSIC. © Reuters
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