China to further reforms in power, oil and gas market – state media

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The Chinese Communist Party’s commission for deepening reforms approved a wide range of proposals for markets, including power networks and oil and natural gas markets, state broadcaster CCTV reported.

China will further reform and accelerate the construction of a power system that is “economically efficient, flexible and intelligent in supply and demand coordination”, it said.

In the oil and gas markets, China will focus on “improving national oil and gas security capabilities … and ensure stable and reliable supply”, it said.