Overview

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.The findings and proposals of the Chinese version of this book have proved to be successful, as they led to immediate shifts in the policies of the Chinese authorities. This book provides valuable insights into the urgency involved in carrying out reforms in the oil and petroleum products market in China, with concrete and up-to-date statistics, comprehensive and detailed analyses, and authoritative and authentic sources.

Full Product Details

Author:   Hong Sheng (Unirule Inst Of Economics, China) ,  Pu Qian (Unirule Inst Of Economics, China)
Publisher:   World Scientific Publishing Co Pte Ltd
Imprint:   World Scientific Publishing Co Pte Ltd
Volume:   9
Dimensions:   Width: 15.50cm , Height: 2.30cm , Length: 23.10cm
Weight:   0.590kg
ISBN:  

9789814603966

ISBN 10:   9814603961
Pages:   308
Publication Date:   26 March 2015
Audience:   College/higher education ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Economic Nature and Significance of Oil and Gas Industry; Formation, Status Quo and Nature of Petroleum Industry System in China; Performance of the Oil Monopoly System; Basic Concept of Reform in Petroleum Industry System; Reform Solutions on Opening The Markets of Crude Oil and Petroleum Products; Political Economic and Transitional Economic Analyses on the Oil System Reform;

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