World's largest shipbuilder sets sail

China Shipbuilding Corp was officially unveiled on Nov 26 in Beijing as the world's largest shipbuilder. The giant corporation was created through the merger of China State Shipbuilding Corp and China Shipbuilding Industry Corp, the country's two biggest shipbuilders by production capacity.

The new company has about 310,000 employees, 147 subsidiaries including manufacturing complexes nationwide and 35 institutes as well as total assets of 790 billion yuan.

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