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planning, budgeting and financial control, capital allocation, project management), and customer service. Jiangsu Power believes that both itself and insert pany name will benefit greatly from this undertaking as it concretely illuminates areas for improvement for both panies and further deepens mutual trust and understanding. Jiangsu Power would like to kick off this benchmarking exercise in July of this year. 182。 Opportunities to provide services – Jiangsu Power’s business is undergoing fast growth, providing many opportunities for project based cooperation between the pany and insert pany name. For example, Jiangsu Power has a growing demand for quality professional services such as consulting and training. 中國最大的管理資源中心 第 3 頁 共 4 頁 PROPOSED PROGRAM OF WORK Specifically, Jiangsu Power proposes the following elements of cooperation to be refined over the course of discussion: 182。 distribution businesses to also be opened to foreign investment. For an international transmission and distribution pany like insert pany name, this creates numerous investment and cooperation opportunities. In order to prepare and position for this impending opportunity, international panies need to start now to develop a deep understanding of China’s market conditions. Establishing relationships with a leading Chinese partner such as Jiangsu Power will help insert pany name create an important foothold in China, heightening its profile to regulators, government officials, and other key stakeholders. 182。 Opportunity to participate in China electricity industry’s rapid development – China is already the world’s second largest consumer of electricity at 1,326bn KWh, and its power consumption is growing at 10+percent every year, far ahead of the pa