China Financial Daily

Department of Public Works to be issued letters ten key industries and enterprises mergers and acquisitions program
This morning, the State Council Information Office to increase the industrial structure adjustment, to maintain steady and rapid growth industries such as holding conferences, industry and information Li Yizhong Minister, attended the conference and answered a reporter’s question. China’s live network.

Li pointed out that the industry is actively pushing forward the structural adjustment, will energetically push forward the restructuring of enterprises. Accelerating merger reorganization, and enhance industrial concentration and the efficiency of resource allocation. Are working on accelerating the company’s guidance on mergers and acquisitions, as well as dozens of key industries and enterprises mergers and acquisitions program, started the motor vehicles, iron and steel industry restructuring. Recently, Baosteel Group, the reorganization of Ningbo Iron & Steel Co. Ltd., Shougang Corporation, the reorganization of Shanxi Changzhi Iron and Steel Co. Ltd., Guangzhou Automobile Group in Hunan Changfeng Group merger to make substantive progress, and so on. COFCO to buy Mengniu, China Resources took Worldbest, Baoding merger in accordance with spinning cotton, Ningbo Veken Huaibei mergers have made important progress in printing and dyeing. China Mobile [89.05 1.42%], China Telecom [4.10 1.74%], China Unicom [7.16 0.42%] three telecommunications companies to integrate the successful implementation of the restructuring, telecommunications competition was further optimized.

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