China has merged CSSC and CSIC to create a $97.4 billion shipbuilding company, aiming to dominate global shipbuilding. The merger ends a 25-year split, reducing internal competition. As the US becomes more assertive, Beijing seeks efficiency and competitiveness in the industry. The move may face international scrutiny and potential tariffs.

The new CSSC will control 21% of the global shipbuilding industry, challenging South Korea. The merger aims to optimize resources and enhance competitiveness globally. CSIC shares will cease trading before folding into CSSC Holdings. The move could lead to international scrutiny and potential restrictions on the business.

China’s historic merger of two state-owned shipbuilding giants aims to enhance competitiveness globally. The move may attract international scrutiny and restrictions, impacting business operations. The merger marks a strategic restructuring in China’s shipbuilding industry, seeking to optimize resources for global market competitiveness.

Read more at Yahoo Finance: China will merge CSSC and CSIC to create shipbuilding giant