China plans to tighten regulation of monopolies in the oil and gas and power sectors, among other vital industries, a commission of the Communist party has decided. The meeting of the commission, which is focused on economic reforms, has decided that the oil and gas and power industries, as well as railways and other sectors, could be easily monopolized but are crucial to the Chinese economy led by state-controlled companies, Chinese state media reported on Tuesday. China has also recently signaled it would further tighten control…
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