An overhaul of major power plants may be in the works as Beijing struggles to cut overcapacity and ensures sustainable gorwth.Photo: Reuters

Overhaul of power plants is a must for China’s long-term benefit

China is reportedly mulling merging its major power generators to cut overcapacity, a move which UBS says is a “must-do” for the sector’s long-term benefit

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An overhaul of major power plants may be in the works as Beijing struggles to cut overcapacity and ensures sustainable gorwth.Photo: Reuters
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