China Mulls Energy 'Super-Ministry' in 2013

(Dow Jones Newswires), Jan. 6, 2012

China could create an energy "super-ministry" to replace the National Energy Administration as part of a sweeping reshuffle in 2013, Reuters reported Friday, citing two unnamed sources.

The new ministry would assume responsibility for energy-related duties currently scattered across other government bodies, the report said.

It will be responsible for policy, planning and could be responsible for setting consumer fuel and petrol prices, the report on the Reuters website said.

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Copyright (c) 2012 Dow Jones & Company, Inc.


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Martin Keenan Shamlian | Jan. 6, 2012
I think it is a smart move that will benefit all IF the Government will consider the financial plight of the common family regards regulating fuel costs. China has an extremely slowly growing middle class who are invested in automobiles since they have given up the idea of ever being able to afford a home of their own. This middle class is barely able to evolve from the e-bike as opposed to the extremely wealthy who work for the government and drive the BMW, Mercedes, Ferraris, top loaded Toyotas, etc., etc.. The majority of Chinese many 100s of millions will never be able to afford a car--many yet cannot even afford an e-bike, so these poor people will not care what the govt decides. My Chinese collegues are Engineers 4 yera University Graduates but less than 5% of them can even afford cars, so the farmers in the interior of China have no interest in what China does.


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