The petroleum industry plays an essential role in driving China's economic development.In the past few decades,severa reforms in the petroleum industry have been implemented;however,there are still some is sues th...The petroleum industry plays an essential role in driving China's economic development.In the past few decades,severa reforms in the petroleum industry have been implemented;however,there are still some is sues that have not been resolved Moreover,with the new-normal economy,the transition to green energy and international trade disputes,the petroleum marke is also facing emerging challenges.Therefore,the purpose of the present study is to review the historical development o China's petroleum market,identify the current challenges and propose corresponding countermeasures for future prospects As a conclusion,five main challenges are highlighted totally,namely lack of marketization,excess oil refining capacity,hig external dependency,environment pollution and unstable international trading relationship.To address these challenges it is encouraged to deepen petroleum market reform,accelerate the elimination of inefficient refining capacity,diversify of supply sources,as well as improve domestic petroleum enterprises'ability to resist price risks.展开更多
A mature market system for the petroleum sector is badly needed in China.The system currently in place in the country still has plenty of aspects in which it can be improved, including： an Under-developed factor mark...A mature market system for the petroleum sector is badly needed in China.The system currently in place in the country still has plenty of aspects in which it can be improved, including： an Under-developed factor market, singular forms of product markets, and inadequate marketization of the management system and operational mechanism. How to tackle the three problems is the most urgent task that market construction for the petroleum sector in the country faces right now. This article proposes reform of the current system of awarding mining rights and calls for block auctions and mininy, right traasfers. It also suggests a relaxing of access into petroleum exploration and development, enhancing the petroleum financial derivatives market, improving petroleum investment and financing systems, establishing relatively independent service companies, strengthening the opening-up of the service sector toward foreign service companies,perfecting information management systems and providing information consultants, pushing forward the separation of the governmental administration from the enterprises,accelerating a supervision system, and fully utilizing market means, and methods to adjust the petroleum sector in the country.展开更多
基金support provided by the National Natural Science Foundation of China(Nos.71974197 and 71774171)Beijing Social Science Fund(No.18GLC084)。
文摘The petroleum industry plays an essential role in driving China's economic development.In the past few decades,severa reforms in the petroleum industry have been implemented;however,there are still some is sues that have not been resolved Moreover,with the new-normal economy,the transition to green energy and international trade disputes,the petroleum marke is also facing emerging challenges.Therefore,the purpose of the present study is to review the historical development o China's petroleum market,identify the current challenges and propose corresponding countermeasures for future prospects As a conclusion,five main challenges are highlighted totally,namely lack of marketization,excess oil refining capacity,hig external dependency,environment pollution and unstable international trading relationship.To address these challenges it is encouraged to deepen petroleum market reform,accelerate the elimination of inefficient refining capacity,diversify of supply sources,as well as improve domestic petroleum enterprises'ability to resist price risks.
文摘A mature market system for the petroleum sector is badly needed in China.The system currently in place in the country still has plenty of aspects in which it can be improved, including： an Under-developed factor market, singular forms of product markets, and inadequate marketization of the management system and operational mechanism. How to tackle the three problems is the most urgent task that market construction for the petroleum sector in the country faces right now. This article proposes reform of the current system of awarding mining rights and calls for block auctions and mininy, right traasfers. It also suggests a relaxing of access into petroleum exploration and development, enhancing the petroleum financial derivatives market, improving petroleum investment and financing systems, establishing relatively independent service companies, strengthening the opening-up of the service sector toward foreign service companies,perfecting information management systems and providing information consultants, pushing forward the separation of the governmental administration from the enterprises,accelerating a supervision system, and fully utilizing market means, and methods to adjust the petroleum sector in the country.
