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Sinopec
How China Can Avoid The Middle Income Trap
By Derek Scissors As China appears to be flirting with the middle income trap, the old development model is becoming increasingly unworkable. In its place, the ‘new normal’ is emerging as a valuable notion. But to work it needs increased corporate competition, integrated labour markets, sharper land rights for farmers, and much less debt accumulation. … Continue reading
China May Create Its Own ‘ExxonMobil’ With Merger Of State-Owned Oil Companies
China is reportedly considering ways to merge its state-owned oil companies to better compete globally as oil prices fall and its economy slows. The Chinese government has decided to combine the China National Petroleum Corp. (CNPC) and its main domestic rival China Petrochemical Corp. (Sinopec) as well as other major energy companies – China National … Continue reading
