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Wednesday, August 18, 2004 

China to Sell 11 Power Plants to Foreign Investors

Compare this report filed by Financial Times and this one by China Daily. Note the striking similarities in wordings and what have been left out.

Some stats from the FT piece:
"Officials have already moved to support electricity distributors with a price hike for end users of about 5 per cent, unveiled in June.

State Grid has said its revenues rose 20 per cent year-on-year in the first half to Rmb278bn ($33.6bn) while profits were up 16 per cent to Rmb3.3bn."

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