BEIJING/TOKYO -- China's top two chemical makers Sinochem Group and ChemChina confirmed Wednesday that they are discussing a merger that has put the global industry on edge over what would be by far the world's largest producer.
Ning Gaoning, chairman of the two state-owned enterprises that boast sales of $146 billion combined, announced the consolidation talks at a news conference in Beijing hosted by the State Council, China's top governing body.
