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China to integrate coal and power resources to cut overcapacity

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Chinese government bodies are pushing restructuring in the field of coal and electric power so as to fend off coal-fired power overcapacity, according to a statement released on the official website of National Development and Reform Commission Monday. NDRC and 15 other government departments stated that companies along the coal and electricity industrial chains are encouraged to improve their coordination and integrate resources by means of asset restructuring or swap, and equity cooperation. Read more

China Daily