China Shaking Up Its Power, Oil, And Gas Markets ...Middle East

China approved on Tuesday proposals that would transform its oil, gas, and power markets, CCTV has reported. Under the proposals, China will construct a new power system intended to be “economically efficient, flexible and intelligent in supply and demand coordination,” the Chinese Communist Party’s commission for deepening reports said. Currently, China’s power grid is built on fixed, long-term power trading agreements, which has caused hydro-dependent provinces such as Sichuan to export power beyond its borders during…

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