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Coal consumption dropped by 6.6 percent year-on-year in 2017, which was the biggest margin in 10 years, said Wei Huaxiang, deputy secretary-general of the Shandong provincial government.
Combined they have 8,000 people working on combustion engine operations including research and development, procurement, manufacturing, IT and finance functions. The group, however, said there would be no reduction in the workforce due to the merger.
Confucius Institute is also participating at the event as it tries to capture more local people to learn the Chinese language and culture.
Compared to conventional loans extended by a single bank, consortium loans are often led by large banks and enjoy the advantages of dispersing loan risks, reducing peer competition and encouraging profit-sharing among lenders.
Competition is on"One of the important meanings of the new rules is promoting competition," said MOC official Hu Jianping. Suning's car market is a good example. "China's automobile market has begun to change, needing new models to promote the upgrading of both products and services," said Liu Donghao, president of the digital company of Suning Commerce Group. The supermarket brought the company more than 3 million yuan (5,000) in car sales revenue and 200,000 yuan in accessories between July 15 and 26. Suning wanted the supermarket to be an open platform to bring convenience to customers, Liu said. "Suning's car supermarket has no intention to race for market share with 4S stores, but to help with their business and expose car brands to consumers via a better channel," he said. Although he played down the coming competition, Suning's planned chain of car markets might be just the beginning of changes motivated by the new regulations. Gome Electric Appliances, a major rival of Suning in China, also unveiled its ambition for the car sales market earlier this year, planning to add a car division to most of its 1,700 stores across the country. If their business model proves to be successful, other companies may soon follow suit, challenging the dominance of 4S shops.
来源：资阳报