Market Position
The market task of CSIC is to strengthen its market position with core businesses on military products and shipbuilding in which the military products are on priority. It also diverts into other industries while concentrating on technological innovation and cost controlling. The main business scope of CSIC includes: managing the group and its subsidiaries assets; domestic and overseas investing and financing; research and development of military products with more focus on warships; designing, producing and repairing civilian ships, marine equipment for both domestic and overseas markets; various forms of economic and technological cooperation; and overseas turnkey project contracting, labour exporting, construction and installation. CISC is also authorized to carry out other businesses.
Read more about this topic: China Shipbuilding Industry Corporation
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