LIBERALISATION IN CHINA’S ENERGY SECTOR IS GATHERING PACE
April 14th, 2014
A SEA change in Chinese energy policy is expected this year as a result of a key political meeting staged in Beijing last November – at the third plenary session of the 18th Chinese Communist Party central committee. The meeting - staged after February 2013’s accession of a new leadership – resulted in a wide-ranging commitment to deepen reforms allowing the market a greater influence in price-setting and capital allocation.For the energy sector, a subsequent plenary resolution under President Xi Jinping further indicated that the new administration is ...
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