China’s massive power sector is coming under increasing pressure to make progress under State-owned enterprise reform, in a bid to turn around the loss-making industry, analysts said.
There are currently 12 central SOEs in the energy sector, making up more than 10 percent of the country’s total number of 102 SOEs. Analysts say it has the biggest potential to restructure through mergers and integration.
Peng Huagang, deputy secretary-general of the State-owned Assets Supervision and Administration Commission, at a news conference in early June reinforced how important it was to speed up reform in sectors like coal power generation, heavy equipment manufacturing and the steel industry.
Soon after, China Shenhua Energy Co and Guodian…
Read the full article at: http://www.chinadaily.com.cn/bizchina/2017-06/21/content_29824733.htm