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Local And Foreign Coal Companies Face

Local And Foreign Coal Companies Face

2012-2-5As foreign firms flee state-owned power companies have demonstrated their immunity to high costs thanks to state-controlled contracts which price coal at 17 to 50 below market prices. If private local or foreign power companies could do the same as the five big state-owned firms and just offload bad assets and obtain funding they would do so straight away said Lin Boqiang

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