Further On Down the Road: New Guidance on the Operation of Petrol Stations
November 30, 2002 | BY
clpstaff &clp articlesNew regulations have been issued that attempt to bring some order to the retail petrol industry, and strengthen the local business environment before the market is liberalized for foreign investment in 2004 per China's WTO commitments.
By Michael A. Aldrich, Perkins Coie LLP, Hong Kong
Chinese petrol stations have come a long way from the dusty single pump facilities where consumers had to purchase petrol coupons, sometimes from an attendant nonchalantly smoking a cigarette, before filling up their cars. These days, modern petrol stations grace the country's highways, and services available at such stations increasingly resemble those available in other parts of the world. The Chinese government clearly wishes to encourage this trend. In this vein, 2002 has witnessed the promulgation of new regulations that aim to regulate the petrol station sector and provide for a national plan of coherent and consistent development.
Background
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