Sinochem, ChemChina set to merge


China's two centrally-administered, State-owned chemical manufacturers-Sinochem and ChemChina-are being restructured and merged to form a behemoth.

Industry observers said on Thursday they expect the merger to usher in high-quality development in the country's chemical industry, in line with the larger national policy.

The State-owned Assets Supervision and Administration Commission, the country's top...