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Book Description Publication Date: April 23, Monique Taylor analyses the policy rationale and institutional underpinnings of China's state-led or neomercantilist oil strategy, and its development, set against the wider context of economic transformation as the country transitions from a centrally planned to market economy. The Chinese government's institutional capacities and policy instruments, namely the national oil companies NOCs and powerful central planning agencies, enable Beijing to pursue this state-led approach to energy security.
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Oil is a strategic sector in the Chinese economy and was never intended to 'grow out of the plan' and privatise, in contrast to the non-state sectors, due to its vital role in China's economic growth and development, and social stability. In tracing oil industry development in China from to the present day, an elite-driven account of institutional change is provided, showing that the party leadership has driven the reform process and remains the pivotal player in energy policymaking.
Show more. Show less. No customer reviews. Share your thoughts with other customers. The country unveiled a plethora of reforms last year, geared towards diminishing its reliance on foreign oil and gas , but the data insight firms claims the economic capital of the east now faces a tricky challenge in turning this into tangible progress.
Capitalising on upstream development key to China’s energy security, says analyst
Over the past few years, the Chinese government has mandated that its state-owned companies increase their domestic energy production and reserves. Remember me.
Don't have an account? China's reforms regarding domestic oil and gas have landed the sector in good stead but, according to GlobalData, without further investment it will be for nothing GlobalData predicts Chinese gas production will plateau after , while oil production will fall China must capitalise on the interest it has secured from foreign upstream investors to maintain its energy security, according to GlobalData.
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