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A new floating production storage and offloading vessel under construction at a shipyard in Nantong, in China's eastern Jiangsu province, on April 17, 2023. AFP via Getty Images
China is once again consolidating its state-run shipbuilding industry—this time by folding together two giants that had already been merged once before: China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Company (CSIC).
