Posted inBeijing, China

Shenhua-Guodian energy merger ‘just the beginning’

The merger of state-owned coal producer Shenhua and energy utility Guodian is a clear signal that Xi Jinping is committed to further consolidation of state companies, especially in the energy sector, which will help the government cut industrial overcapacity and lower reliance on coal. Analysts see the merger announced Monday as just the tip of […]

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