Massive Chinese container merger gets go-ahead
The Chinese State Council has approved the planned merger between the country's two state-owned carriers, Cosco and CSCL. The move will create the world's fourth-largest container carrier. The move is confirmed by Chinese state-owned TV news.
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by DANIEL LOGAN
Updated at 2:33 pm CET: Chinese state-owned TV station CCTV has just announced that the Chinese government has approved the merger.
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