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China has taken measures to further reduce unnecessary restrictions and improve the policy framework on the cross-border use of the currency, including launching crude oil futures in Shanghai, easing restrictions on QFII and RQFII programs for foreign institutional investors.
China is the world's second-largest oil consumer after the United States. Demand is likely to soar in the future as the country is thirsty for fuel that can sustain its economic boom.
China is playing a very important role as the global economic stabilizer and driving force to alleviate, reduce and ultimately eliminate poverty in the region, Joseph Matthews, a senior professor at the BELTEI International University in Phnom Penh, said.
China is currently the world's largest crude oil and gas importer, importing 440 million tons of crude oil and 125.4 billion cubic meters of gas in 2018, up 11 percent and 31.7 percent year-on-year. The foreign oil and gas dependence ratio reached 69.8 percent and 45.3 percent, according to PetroChina's Economics and Technology Research Institute.
China is also considering merging two of its nuclear power giants, as the Shanghai-listed units of China National Nuclear Corp and China Nuclear Engineering Corp Group said earlier in March that a strategic reorganization of the companies is underway.
来源：资阳报