Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Opening Up China's Markets of Crude Oil & Petroleum Products

Opening Up China's Markets of Crude Oil & Petroleum Products

Sheng Hong

Hardcover

Series: Chinese Economics Research, Book 9

Business GeneralGeneral Political Science

ISBN10: 9814603961
ISBN13: 9789814603966
Publisher: World Scientific Publishing Company
Published: Feb 28 2015
Pages: 308
Weight: 1.30
Height: 0.90 Width: 6.10 Depth: 9.10
Language: English

This book provides a comprehensive and unique perspective on China's oil and natural gas industry and a practical roadmap to reforms.

The book begins with a thorough examination of the status quo of China's oil and natural gas industry. It explores the evolution, transition, and characteristics of the oil industry of China, and unveils the problems that caused ineffectiveness of the oil and petroleum products market, namely, the dominance of monopoly enterprises, price regulation, and restriction to entry. It provides an insightful analysis on the efficiency losses and welfare losses the monopoly system brings to the society as the current system distorts income distribution, violates the principle of fairness, and stands against the market rules and the legal pillars of the Chinese constitution. This book argues that the monopoly system in the oil industry of China results in a variety of toxic influences and that reforms are needed. It then offers a roadmap to reforms in the oil and petroleum products market in an incremental fashion.

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