U.S. presses China on energy prices

The United States pressed China to ease price caps on oil and power in talks this week aimed at bridging differences between the world’s two largest energy users, a senior Washington energy official said on Friday.

Assistant Secretary for Policy and International Affairs in the U.S. Department of Energy, Karen Harbert, said in Beijing she urged Chinese officials to lift price caps on energy that she said deterred investment and distorted consumption.
Reuters