Closer Look: Pull the Plug on Bailouts for Power Companies

(Beijing) – Last year reports that the State-owned Assets Supervision and Administration Commission (SASAC) might give 10 billion yuan to five major state-owned power companies started to circulate. On March 5, we learned the bailout happened.

The beneficiaries were China Huaneng Group, China Huadian Group, China Datang Corp., China Guodian Corp. and China Power Investment Corp.