China to abolish access restrictions on foreign investment in energy sector

Photo by China Three Gorges Corp.

China will fully lift access restrictions on foreign investment in coal, oil, gas, power generation, excluding nuclear, as well as the new energy businesses, according to a sector white paper released on Monday.

Separately, a top energy official told reporters that recent power shortages in some Chinese regions are singular cases and the nation’s energy supplies including power are generally secure.

(Reporting by Beijing newsroom; Editing by Toby Chopra)

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