CHINA BOOSTS ENERGY'S PRIVATE SECTOR
Chinese Reform Proposals Boost Prospects for Private Enterprises
December 11, 2013 (IHS Inc.)
"China’s new policy guidelines call for limitations on the activities of state-owned enterprises (SOE), potentially evening the playing field for private companies competing in key industries, particularly the energy sector…Based on the road map [from the Third Plenum of the Chinese Communist Party’s (CCP) 18th Congress], economic reforms will accelerate, with a focus on setting boundaries for the state’s involvement in the market and allowing private enterprise a more prominent role…This represents a critical turning point…particularly in capital-intensive sectors such as energy…[It reaffirms] the role of SOEs in areas where natural monopoles exist—such as natural gas pipelines and electric power transmission—the new principles could result in more fair market conditions for private enterprises…[There will also] be greater emphasis on the environment…[M]any existing trends, such as switching from coal to gas…stricter enforcement of environmental regulations…[and] efforts to price carbon emissions will continue…” click here for more
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