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Companies that rely on traditional models should be open to private investment, mergers and reorganization, Li said, adding that China is determined to phase out outdated and excess industrial capacity as a key part of its structural reform, especially as coal prices have been rising again in recent months. The idea is to truly make room for new economic growth drivers, he said.
Compared with the last version published in late June, the statement has removed the wording of "intensifying macro policy adjustment" and "effectively countering the impact of the COVID-19 epidemic on economic growth".
Commenting on challenges brought by the policy change, Lu said the way to win out in the fierce market competition for NEV manufacturers lies in improving the quality of products and offering better technical services.
College sport now facing toughest opponent - World - Chinadaily.com.cn
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.
来源：资阳报