ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China opens oil and gas to investment after US trade truce

Other markets freed up as Beijing shrinks restricted fields nearly 20%

An oil platform operated by CNOOC stands off the southern Chinese province of Hainan. China has opened oil and gas exploration to foreign investment.   © Reuters

BEIJING -- China followed a weekend deal to restart trade talks with the U.S. by loosening restrictions on foreign investment in seven areas of its economy, including oil and natural gas development.

The move, announced Sunday, marked Beijing's first gesture toward opening Chinese markets after President Xi Jinping and U.S. counterpart Donald Trump agreed to a halt on further tariffs in their trade war.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more