China aims to tackle energy confusion with new law

China is drawing up a new legal framework for the energy sector to help ensure fuel for its booming economy, but analysts say foreign companies hoping for a stable rule book on investment should brace for disappointment.

Years of a piecemeal approach to regulating an increasingly complex market have left the sector with ramshackle guidelines officials fear could threaten energy security and growth, as dependence on imports rises and foreign firms eye its giant market.

AlertNet