China South Industries Group (CSGC) is designated very high risk as one of China’s primary defence conglomerates.
CSGC is a leading producer of armaments for the People’s Liberation Army.https://web.archive.org/web/20190905002838/http:/en.sasac.gov.cn/2019/05/16/c_1551.htm It was founded in 1999 and works on technologies such as advanced munitions, mobile assault weapons, lights armaments, information optoelectronics and counter-terrorism equipment.https://web.archive.org/web/20190905004534/http:/www.sasac.gov.cn/n4470048/n8456886/n9550621/n9550626/c9576587/content.html CSGC also maintains civilian product lines focused on the oil and energy sector, but most of the company’s attention goes to developing armaments.https://www.bloomberg.com/profile/company/CSIGCZ:CH The company employs nearly 200,000 personnel, its revenue approaches USD34 billion (AUD50 billion) and it is listed as a Fortune 500 company.https://fortune.com/global500/2019/china-south-industries-group
CSGC holds a controlling share in more than 60 subsidiaries.https://web.archive.org/web/20181029234008/http:/www.chinasouth.com.cn/1064.html 32 of these are listed on the company’s website.https://web.archive.org/web/20181223121427/http:/www.chinasouth.com.cn/1076.html
Noteworthy international collaborations
CSGC is active in forging partnerships with foreign entities. For example, it reportedly has cooperation agreements with American companies such as Ford, IBM and the Lear Corporation and Japanese companies such as Suzuki, Honda and Yamaha.https://web.archive.org/web/20190905025426/https:/feng.ifeng.com/c/7kP576vsbgq CSGC has also collaborated with Japanese companies Mazda and Fuji as well as the French company Citroen.https://www.epicos.com/company/13419/china-south-industries-group-corp ； https://web.archive.org/web/20190905033619/http://www.sohu.com/a/301626946_674489
CSGC entered into partnership with the French container transport and shipping company CMA CGM in July 2015.http://archive.fo/47sRJ Both companies were reported to have formed part of projects for the Chinese Communist Party’s Belt and Road Initiative, which was later said by the Chinese government to advance the ‘21st Century Maritime Silk Road’ strategy.http://archive.fo/47sRJ
Last updated 24 November 2019. Unclear about any wording? Visit the terminology page.