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China National Petroleum Corporation, or CNPC, is seeking to attract private capital in five fields including international natural resource exploration, oil refining, oil sales, and the construction of pipelines and facilities. Full Story>>
The guidelines issued in May and the investment package in oil industry offered by China National Petroleum Corporation are welcome news for private investors. What are the prospects for private capital to enter industries that have traditionally been the sole domain of State Owned Enterprises?
As private capital is expected to enter more sectors of China's economy and play a bigger role, how will this reshape the country's economic landscape?