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Sunday 28 January 2018

China seemed to nationalize the China Steam Navigation Company according to the Dutch magazine Schip en Werf dated 13 January 1933

An item reported that the Chinese government seemed to intent the convert the China Steam Navigation Company into a government company by buying all shares against a certain estimated value. Foreign experts were to reorganize the company. The magazine had their doubts regarded the problems for instance in Australia, Canada and the USA when comparable efforts were made.