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China to inject US$1.5b into power sector

China is expected to inject at least ten billion yuan (1.5 billion dollars) into the struggling power sector in its latest efforts to prop up key industries, reported Channelnewsasia.

The five power producers expected to get financial aid from the State-Owned Assets Supervision and Administration Commission are China Huaneng Group, China Datang Corp, China Guodian Corp, China Huadian Corp and China Power Investment Corp.

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