According to the agreement, the two parties will push for maritime capacity adjustment and upgrading of Shanghai, set up world-class innovation center for marine technology and information, and accelerate the development of marine power equipment research and manufacture base.
The city will work closely with CSSC on local maritime industry development and fully support CSSC’s expansion in Shanghai, said Li Qiang, municipal party secretary of Shanghai.
Stated-owned CSSC is directly administered by the central government of China. Under its wing, there are a total of 60 sole proprietorship enterprises and shareholding institutions, including a batch of renowned shipbuilding and ship repair yards, research and design institutes, marine-related equipment manufacturers and trading firms in China.
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