China plans several major coal company M&As by 2020

          Source: Xinhua| 2018-01-05 19:14:23|Editor: Xiang Bo
          Video PlayerClose

          BEIJING, Jan. 5 (Xinhua) -- China is planning several major coal-group mergers and acquisitions (M&As) by 2020, the country's top economic planner said Friday.

          The government will support M&As among coal firms of different scales, regions and ownerships and encourage market players to expand business from coal production to services, according to the guidelines released by the National Development and Reform Commission (NDRC) and 11 other government agencies.

          Coal firms are also encouraged to conduct M&As with players in related sectors, including power, coal, chemicals and steel, to fully integrate their resources in the wider industrial chain.

          The efforts aim to push the reduction of excess coal capacity, upgrade technology, improve resources allocation and production safety.

          Chinese leading power generator China Guodian Corporation and coal miner Shenhua Group last November merged into energy conglomerate China Energy Corporation, making it the world's largest company in coal mining, thermal power, renewable energy and coal-to-liquid conversion.

          By the end of last year, the number of coal mines in China dropped to about 7,000, from 10,800 in 2015, according to the NDRC.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001368746721
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  香港三日本三级少妇三级66 | 中文字幕第5页 | 亚洲码欧美码一区二区 | 亚洲欧美在线观看品 | 中文字幕精品亚洲四区 | 亚洲欧美日韩国产原创在线观看蜜 |