Private Investment in Natural Resource Sector Encouraged

(Beijing) – The Ministry of Land and Resources and the All-China Federation of Industry and Commerce issued guidelines on June 18 intended to encourage private investment in its resources sector, long dominated by state-owned companies.

The guidelines cover a range of investment areas, including mining exploration and development of unconventional oil and gas resources such as coal-bed gas and shale oil and gas. They also safeguard the rights of private investment entities competing in the market.