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Full Text: China's Energy Conditions and Policies (20) |
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13:54, December 26, 2007 |
-- Encouraging foreign investment in exploration and development of unconventional energy resources. In 2000, China promulgated the Opinions on Further Encouraging Foreign Investment in Exploring and Exploiting Non-oil-and-gas Mineral Resources, further opening up its market in this regard. China allows foreign investors, either by themselves or in collaboration with Chinese counterparts, to conduct risk exploration on its territory. Foreign investors who invest in exploring and recovering paragenetic and associated minerals and utilizing tailing or exploring mineral resources in China''s western regions are entitled to enjoy the preferential policy of reduction of or exemption from mineral resources compensation fees. Further efforts are being made to improve management of and services to foreign investment in the exploration and exploitation of non-oil-and-gas mineral resources.
-- Encouraging foreign investors to invest in and operate energy facilities such as power plants. China encourages foreign investment in the production and supply of electric power and gas, as well as in the construction and operation of thermal power plants with a single-generator capacity of 600,000-kw and above, power stations burning clean coal, power stations featuring heat and power cogeneration, hydropower stations mainly for electricity production, nuclear power stations in which the Chinese side holds the dominant share, as well as power stations with renewable energy or new energy resources. It encourages foreign investors to invest in technology and equipment production for thermal, hydro and nuclear power stations with a considerably large generating capacity as well as for thermal power desulphurization. It also encourages them to invest in the construction and operation of coal pipeline transportation facilities.
-- Further improving the environment for foreign investment. The Chinese government has kept its commitments to the WTO made when it joined the organization and has sorted out and rectified administrative regulations and departmental rules concerning energy management that are inconsistent with the WTO rules. In light of the demand of transparency of the WTO, China has relaxed control over the scope of geological data of a public welfare nature, strengthened the work of releasing energy policies, improved the energy data and statistics system and promptly released energy statistics, so as to ensure the openness and transparency of energy policies, statistics and information.
-- Further expanding the scope of foreign investment. In bringing in foreign investment for the development and utilization of energy resources, China pays primary attention to introducing foreign advanced technology, management experience and people of high caliber to further shifting the focus from investing in fossil energy resources to renewable resources, from emphasizing exploration and development to the development of service trade, and from relying mainly on foreign loans and direct foreign investment to directly pooling of funds at international capital market.
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