Power Cou­ple

Beijing Review - - This Week Economy -

China’s State Coun­cil, the cab­i­net, has ap­proved a merger between ma­jor power gen­er­a­tor China Guo­dian Corp. and coal pro­ducer Shenhua Group, an of­fi­cial state­ment said on Au­gust 28.

The two com­pa­nies will be re­struc­tured to form a new en­ergy in­vest­ment com­pany, the Sta­te­owned As­sets Su­per­vi­sion and Ad­min­is­tra­tion Com­mis­sion (SASAC) said on its web­site.

The move came with lit­tle sur­prise, as the listed arms of the firms

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