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China establishes new shipbuilding major

China Shipbuilding Group is now a reality, as the country has formally established the yard group, which according to state-owned media is the world's largest, reports Reuters. South Korean yards have also filed an application with the EU for approval of large-scale merger.

Photo: AP/Ritzau Scanpix

China has now formally established China Shipbuilding Group, reports Reuters.

The news agency cites state-owned media China Central Television, which describes the now-merged yard group as the world's largest shipbuilder.

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