China Energy Sector Survey Part II: The Energy Institutions
November 30, 2003 | BY
clpstaff &clp articlesIn the first article of this instalment, our authors reviewed the origins, development and current energy policies of China. Here they discuss the structure of the institutions charged with implementing those policies.
By Michael E. Arruda Partner, and Ka-Yin Li, Legal Consultant, Fulbright & Jaworski LLP, Hong Kong
China's energy institutions reflect its evolving energy policies. With the founding of the PRC, regulatory bodies were formed with dual responsibility for the production of energy and its regulation. As the government looked for ways to separate and rationalize these production and regulatory functions, the early years of the PRC energy sector saw significant changes in the institutional structures charged with these functions. As is the case with other emerging economies with a significant energy component, China's current institutional structure is a snapshot in time of its continuing effort to fine tune the balance between the production of critical energy resources and the management of that effort for the national good.
SETTING THE STAGE
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