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January 14, 1873, China Merchant's Steam Navigation Company was established. The company is an important part of the Self-strengthening Movement. It is in nature a Nationalized business run by private merchants, and contributed greatly to the early development of the marine transportation in China. For details you may refer to our Bulletin: LAI CH'I-KONG, "The Proposal to Nationalize the China Merchants' Steam Navigation Company, 1878-1881".
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