The creation of China Ocean Shipping Group Co., Ltd. is part of the Chinese government's strategic layout, through the merger of China Ocean Shipping (Group) Company (COSCO) and China Shipping (Group) Company (China Shipping), to form the world's largest shipping company by assets. This strategic move not only enhances China's influence in the global shipping industry, but also indicates China's broader strategic intentions in the global economy.
In the detailed business integration, the new China Ocean Shipping Group covers a wide range of aspects from container shipping, port operations to leasing and financial services. Especially in container shipping, by merging the resources and networks of both parties, the new group company is committed to improving its market share and service quality to cope with the competitive pressure and changes in the global shipping market.
In addition, China COSCO Shipping Group has also carried out in-depth business expansion and integration in the fields of shipbuilding, logistics services and financial services. For example, through the newly established China COSCO Shipping Heavy Industry and China COSCO Shipping Logistics, the group can not only provide efficient shipbuilding and repair services, but also provide comprehensive supply chain solutions to support its competitiveness in international trade.
Overall, the merger of China Ocean Shipping Group is a major industrial upgrade and layout optimization, which not only enhances the company's market competitiveness, but also strengthens China's position in global shipping and economic development. This change is an important manifestation of China's active participation in global economic governance and promotion of international trade and logistics development.
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