And boost efficiency in the energy industry.
According to an article by Bloomberg, China’s government said it merged Beijing Energy Investment Holding Co. and Jingmei Group into a new 200 billion yuan ($32 billion) business in line with its policy to improve efficiency in the energy industry and reduce pollution.
"The merger of Beijing Energy and Jingmei, a coal supplier based in the capital, will improve electricity supply, Lin Fusheng, head of Beijing’s Assets Supervision and Administration Commission," Bloomberg reported.
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