As China evolves towards a market economy the long-standing, command and control apparatus of regulation is becoming increasingly ineffective. This is the case in many sectors of the economy, but especially in the energy sector where the central government seeks to maintain a high degree of control. One of the principal reasons for this regulatory … Continue Reading ››
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Publications
Should China undertake the wholesale privatisation of its energy industries
China's energy industries are in need of radical restructuring if they are to meet the challenges imposed on them by the rapid growth of the economy. Wholesale privatisation of the component industries is one available option. This paper assesses whether such a form of restructuring is suited to China in its present state of development. … Continue Reading ››
The challenges facing China’s energy industries
This paper provides an analysis of the structure and performance of China's energy industries and of the regulation of energy markets and prices. This analysis leads to the identification of the key challenges which face this sector of the economy which may be classified into four categories: management, financial, regulatory and administrative challenges. The degree … Continue Reading ››