Independent journal on economy and transport policy
19:04 GMT+2
China aims to streamline shipbuilding industry
(Sched Net)
February 24, 1999
THE mainland is to embark on major restructuring of its shipbuilding industry.
The flag-ship China State Shipbuilding Corp (CSSC) is to be split into two as yet unnamed corporations, while the nations' larger shipbuilders are to set up their own research and development facilities.
The move comes in response to a degree of sluggishness in the business.
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