CSIC first SOE to go big on Xiongan plan

Shipbuilder to expedite relocation of units to Baoding near the new area

China Shipbuilding Industry Corp, one of the country's two largest State-owned shipbuilders, has announced that it will make the most of the opportunities expected from the planned creation of the Xiongan New Area in Hebei province.

CSIC has been relocating some of its core businesses to Boading, which is close to the new area.