China opens oil and gas to investment after US trade truce

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

20190701 China oil rig

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

SHUNSUKE TABETA, Nikkei staff writer

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.

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