China State Shipbuilding Corporation

中国船舶工业集团有限公司

The China State Shipbuilding Corporation (CSSC) is designated very high risk for its work on naval shipbuilding.

CSCC was established as one China’s primary state-owned weapons companies on 1 July 1999 to build ships for military and civilian customers.https://web.archive.org/web/20190726041025/http://www.sasac.gov.cn/n2588025/n10248920/c11587758/content.html ; https://web.archive.org/save/http://www.csic.com.cn/jtjj.htm CSSC markets itself as as the ‘backbone’ of the Chinese navy and its core products include a variety of warships and support vessels.https://web.archive.org/save/http:/en.cssc.net.cn/component_general_situation/ Alongside its program supporting the PLA Navy, Bloomberg notes that CSSC ‘produces oil tankers, bulk carriers, conditioner vessels, deepwater survey ships, and marine equipment.’https://www.bloomberg.com/profile/company/0763828D:CH

On 2 July 2019, it was announced that the China Shipbuilding Industry Corporation and the CSSC would merge. According to Jane’s Defence Weekly, ‘the two groups, which have combined assets of about USD120 billion (AUD178 billion) and employ 240,000 people, dominate naval shipbuilding in China and between them operate 160 subsidiaries.’https://www.janes.com/article/89643/chinese-shipbuilders-announce-huge-merger

Last updated 2 October 2019. Unclear about any wording? Visit the terminology page.