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Cosco Shipping, Baowu Steel ink strategic cooperation

Cosco Shipping, Baowu Steel ink strategic cooperation

China’s state-owned entities China Cosco Shipping Corporation Limited (Cosco Shipping) and China Baowu Steel Group have inked a comprehensive strategic cooperation.

The cooperative partnership seeks to benefit the two sides to further develop businesses in the areas of shipping, logistics, shipbuilding and so forth.

Cosco Shipping stated that the cooperation would also bring about synergies among state-owned enterprises for sustainable business expansion.

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