16 January 2019

State Council to promote M&As, CNR says

The State Council will ramp up mergers and acquisitions in several industries including steel, cement, shipbuilding, solar power and baby formula, China National Radio reported Sunday, citing sources from the Ministry of Industry and Information Technology. China’s cabinet plans to nurture a number of leading companies into industry champions as part of a broader effort to cut overcapacity, the report said.

– Contact HKEJ at [email protected]



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