They should develop new generation AI technologies, according to a statement released on Wednesday. The statement added that these enterprises should take steps to develop and promote AI in industrial renewal.
China approves SinoChem, ChemChina merger
Apr 1, 2021 9:55:am
Summary
by: Shardul Sharma
Posted in:
China approves SinoChem, ChemChina merger
China’s State-owned Assets Supervision and Administration Commission of the State Council (Sasac) has approved the merger of chemicals groups Sinochem and ChemChina, it said on March 31.
In a brief statement published on its website, Sasac said it would oversee the “joint reorganisation” of the two companies under the aegis of the State Council.
Sinochem is a Chinese state-owned multinational conglomerate primarily engaged in the production and trading of chemicals and fertiliser and the exploration and production of oil. ChemChina is also a state-owned enterprise in the product segments of agrochemicals, rubber products, chemical materials and specialty chemicals, industrial equipment, and petrochemicals.