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China is set to complete a roughly $16 billion merger of its two largest state-controlled shipbuilders this week, forming a single company called China State Shipbuilding, or CSSC. The transaction will create the world’s biggest shipbuilder by order book, combining operations that range from commercial vessels to naval warships. Beijing’s consolidation is aimed at sharpening its maritime competitiveness as the United States pursues policies to revive domestic shipyards under former President Donald Trump’s industrial strategy. The enlarged CSSC is expected to command a dominant share of global ship orders, further widening the gap with U.S. yards that have struggled with capacity and investment.
This is what the “free traders” wanted: China’s dominance in critical industries. This must end. Our independence is on the line. China Creates World’s No. 1 Shipbuilder, Driven by Rivalry With U.S. - WSJ https://t.co/Ys1V2n8B5U
"A $16B merger of 2 state-controlled shipbuilders in #China is set for completion this wk, creating 🌍’s biggest shipbuilder while the US searches for a path back into the business...The Chinese champion is called China State Shipbuilding, or CSSC." https://t.co/5gzuubYjR9
China Creates World’s No. 1 Shipbuilder, Driven by Rivalry With U.S.—In $16 billion deal, Beijing looks to counter Trump’s moves to rebuild American shipyards @hwclarence @CostasParis https://t.co/5JmthKxV4T https://t.co/5JmthKxV4T
