Energy sector reform in China since 2000 for a low-carbon energy pathway

Authored by: Songli Zhu , Ming Su , Xiang Gao

Routledge Handbook of Energy in Asia

Print publication date:  October  2017
Online publication date:  October  2017

Print ISBN: 9781138999824
eBook ISBN: 9781315656977
Adobe ISBN:

10.4324/9781315656977.ch17

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Abstract

Energy reform in China, starting from 1980s, is an essential part of China’s overall reform and opening up process with the major purpose to transit to a market-oriented economy. Energy reform was initiated from three perspectives: institutional re-arrangements, energy marketization and energy pricing reform. Separating the governmental function from business, streamlining the relationship between central and local governments, and SOE reform are the three major tasks of institutional reform. Energy marketization is to deregulate the system and diversify the investment. Energy pricing reform aims to liberalize the fuel and power price and move towards a market-based pricing system. Much progress has been achieved; however, energy reform generally lags behind the overall marketization process of China.

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