China Merchants' Steam Navigation Company

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China Merchants' Steam Navigation Company was a transportation company founded on December 16, 1872, by then Prime Minister Li Hongzhang during the Self-strengthening movement in China. Eighty percent of the startup capital was provided by native Chinese, making this the first transportation company using modern technology not based on foreign ownership. The Taipei-based CMSNC merged with Yang Ming Marine Transport Corporation on July 1, 1995.

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