Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

China encourages private investment into energy sector: white paper


08:15, October 25, 2012

BEIJING, Oct. 24 (Xinhua) -- China encourages private capital entering the energy sector as part of the efforts to promote the sector's market-oriented reform, according to a white paper released Wednesday.

The reform is expected to "give full play to the fundamental role of the market in allocating resources", according to the white paper on China's energy policy released by the Information Office of the State Council.

"All projects listed in the national energy program, except those forbidden by laws or regulations, are open to private capital," the white paper says.

The nation encourages private capital to invest in fields including the exploration and development of energy resources, oil and natural gas pipeline network construction and the electric power industry, according to the white paper.

The government will also encourage private investors to participate in coal processing, oil refining, as well as developing new energy and renewable energy sources, the white paper says.

The white paper also stresses the improvement of energy-related laws and regulations and promote the management of the energy sector.

News we recommend:
"Made in China":Charming the World "Made in China":A Boon for the Masses "Made in China":A Blessing for Businesses
"Made in China":The Bitter Blessing Shanghai's 'other' market China's tourism industry reaps golden harvest
Commentary:Asking the right questions  More Investment, More Woes? All that glitters is gold


Leave your comment0 comments

  1. Name


Selections for you

  1. Helicopter formation of PLA army aviation force

  2. Four "gun masters" of PLA Beijing MAC

  3. James Bond and his girls on big screen

  4. Classic cars, sexy girls highlight auto show

  5. Top 10 self-made businesswomen in China

  6. China's economy has bottomed out

  7. China and France to protect freshwater lake

  8. Monarch butterfly

Most Popular


  1. Sino-US relations tainted by falsehood
  2. Foreign funding only short-term fix
  3. China's slowdown 'beneficial'
  4. China's development benefits all: U.S. city official
  5. Vested interests must not prevent gaokao reform
  6. Economic strains put Hollande on back foot
  7. Sino-Cambodian ties undimmed by Sihanouk’s death
  8. US should engage Asia as a partner
  9. US risks losing neutrality over Diaoyu
  10. New energy initiatives just for show

What’s happening in China

Civil service test applications surge

  1. Porn crackdown
  2. Avon warned by FDA for misleading advertisement
  3. Man on dating show gets call for medical advice
  4. Chinese daughters more filial than sons
  5. Police probe doctors in human egg case