China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive.
China Tourism Group – one of the four companies – was designated as the operator of the venture at a signing ceremony hosted by China’s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV.
After the deal goes through, the venture will operate Asia’s…
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