China's State Council has approved the merger of its two state-owned shipbuilding enterprises: the China Shipbuilding Industry Corporation (CSIC) and the China State Shipbuilding Corporation (CSSC). China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) announced on 25 October that the merger, which had been agreed in principle by the two groups in July, had received necessary approvals from the State Council and that CSIC and CSSC will now implement "joint restructuring".
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