ABSTRACT

It is not easy to draw any overarching conclusion from such complex and multifaceted stories. China is very unique in the way its government functions and how the various levels of government are involved so directly and prevalently in the energy business, even though most of the Chinese economy has become market-driven. The energy sector is particularly complex, with varying degrees of government control, state-owned company dominance, and different market structure and regulations. This book is mainly to tell the true stories of what happened in China’s energy sector, so the readers may draw their own conclusions.