Into the black
Article Abstract:
The Chinese government is getting set to remove price controls on coal, its major source of energy, in order to raise funds for new mines and rail lines. Currently, 60% of Chinese coal is sold at controlled prices. As part of an overall strategy to liberalize the energy sector, China increased the portion of oil sold at market prices in Sep 1992, and hopes to bring coal production in line with market prices by 1995. The first major step will be to remove the Rmb 1.3 billion annual subsidy to China General Coal Corp, which produces 1/3 of China's output.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Southern acumen
Article Abstract:
Guangdong has managed its energy demand better than most other cities in China. Local administrators have been able to allocate local resources to build new power plants and this thrust has been aided by Hong Kongbusinessman Gordon Wu's infrastructure investments. The energy development projects will have to result in higher rates because of added costs of importedcoal. However, consumers still stand to benefit from power generation since this will help modernize the cities through industrialization.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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On the rocks
Article Abstract:
Karamay, a city in Xinjiang Autonomous Region, has ceased to be China's most important oil producing center. Chinese oil drilling began in this western city in the early 1950s and in 1957 was meeting 1/4 of national demand. Karamay's predicted 1993 production of 8 million tons still ranks it as China's fourth most productive field. However, most production now comes from eastern fields while the Tarim Basin 1,000 kilometers south of Karamay has become the focus for exploration.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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