China is likely to cool credit growth and scale back fiscal stimulus this year to help stabilise debt levels, but policymakers are likely to tread cautiously to avoid derailing the recovery, policy insiders said.
Natural gas production in China is meanwhile set to exceed 186 billion cubic meters this year, Zhang was cited as saying at an energy work conference, up at least 7.1% from 2019.
Among the changes, foreign companies are now allowed to explore for, and produce, oil and gas in China. The restriction on foreign firms seeking to carry out carbon emission assessment in China was also lifted.