BEIJING (Reuters) - China will seek to encourage more private investment in its state-dominated energy sector, according to a new industry white paper published by official news agency Xinhua on Wednesday.
China is preparing for a once-in-a-decade leadership transition in November, and its new leaders are widely expected to push for the sort of market-oriented reforms that will break up monopolies in sectors such as energy.
The new policy document said China planned to "give full play to the fundamental role of the market in allocating resources" and would draw up new regulations designed to reform the energy sector.
