Source: China – South China Morning PostChina’s two major shipbuilders appear to be mere days from completing a merger that will form the largest publicly listed shipbuilding company in the world.
The China Shipbuilding Industry Company announced that Tuesday will be the final trading day for its shares before the company is absorbed by China CSSC Holdings.
Analysts have deemed the move a strategic masterstroke in Beijing’s broader industrial and military ambitions, particularly as the United States increasingly views China as a rival…Read More