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#1 » 18.05.18 04:11h
huangbao
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BEIJING Robert Alford Falcons Jersey , Sept. 5 (Xinhua) -- China will take measures to encourage fair and open access to the country's oil and gas pipelines as part reform to increase efficiency in the sector, according to a media report.

Policies will be rolled out to allow third-party access to pipelines operated mainly by the country's three state-owned oil giants, Xinhua-run Economic Information Daily reported Tuesday.

"We have been talking about open and fair pipeline access for a long time, and the detailed plans will likely be released soon. For those who have the capability to give access but decline to do so, there will be punishment," said a source familiar with the matter.

These measures will be in line with a guideline released in May this year on reforming the oil and gas industry, which listed eight tasks covering the upstream to downstream sectors.

While allowing private companies to take part in upstream oil-gas exploitation Desmond Trufant Falcons Jersey , the guideline also encourages midstream pipeline owners to split gas sales from pipeline business for more efficient allocation of resources.

The country's oil and gas pipelines are mainly operated by the country's three state-owned companies: China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation, which together own about 98 percent of pipelines.

Analysts have said that the overly concentrated ownership could lead to market inefficiencies, resulting in unreasonably high prices for end users.

By separating the pipeline business from sales, the guideline is likely to bring more social capital to the construction of pipelines, and allow upstream and downstream participants more access to the infrastructure, Essence Securities said in a note.

Leaders of BRICS countries pose for group photo before summit

Xi calls for solidarity among emerging economies Mohamed Sanu Sr Falcons Jersey , developing nations

Leaders attend Dialogue of Emerging Market and Developing Countries

Evening gala for 2017 BRICS Summit held in Xiamen

Autumn scenery of Hunhe River in N China's Hohhot

Villagers air harvests in south China

Dew drops seen on plant leaves in east China

Fish Dish Festival celebrated in C China's Hunan

BEIJING, Sept. 1 (Xinhua) -- The digital revolution in China appeared to be a marvel to the world, as the country's leading mobile payment businesses began to facilitate people's lives across the globe.

CHANGING PAYMENT HABIT

Can you get by a day in Beijing without a wallet? In April last year, a CNN correspondent Will Ripley gave it a try and he survived well.

"Admittedly, I was a bit skeptical about going an entire day in Beijing without my wallet, but I was surprised to discover just how easy and convenient it is," said Ripley in his report.

He ordered "a delicious fried crepe" --Jianbing-- for breakfast at a cramped roadside shop Taylor Gabriel Falcons Jersey , opened Wechat app on his smartphone, and scanned a Wechat pay-bar-code sticker on the window. Seconds later, by inputting a 4-digit password for payment, and the transaction was completed.

Carrying a smartphone, Ripley also hailed taxis, ordered coffee, paid for meals at restaurants without trouble.

In recent years De'Vondre Campbell Falcons Jersey , mobile payment has sprung up in major Chinese cities as a preference over cash and cards when people buy goods or services from various businesses ranging from street vendors, supermarket chains to fancy shopping centers.

Electronic payments are mainly processed through China's Alipay and Wechat apps. By linking credit and debit cards with personal accounts on the two apps, people could transfer money and complete payments with a few tips of fingers.

According to a UN report published in April, China's total mobile payments in value have increased some 20-fold in four years to reach 20 trillion yuan (2.9 trillion U.S. dollars) in 2016.

Alipay, established by China's e-commerce titan Alibaba Group in 2004, released data showing that 71 percent of online payments on its platform was completed through smartphones in 2016.

About one third of foreigners in China have used Alipay by 2016, said Alipay's parent company Ant Financial Services Group.

"My wallet is no longer in use. I can buy and eat whatever I want simply with a fingertip on my phone Grady Jarrett Falcons Jersey ," Lin Jinlong, an overseas student from Cambodia told Xinhua.

"We can also order food at home, which is super convenient. If I were at home in Cambodia, I would have to go outdoors," Lin said.

Mobile payment has become a popular way of life in China. Besides purchasing goods, users can take full advantage of the apps to pay water and electricity bills as well as traffic fines, unlock shared bicycles that are ubiquitous in urban areas Derrick Shelby Falcons Jersey , pay for bus and taxi rides, and make appointments at hospitals.

SERVING CHINESE ABROAD

The celebration of Thailand's Songkran Festival in April marks a high season for Chinese tourists to visit the country. In Bangkok, Chiang Mai and other cities, Wechat Pay and Alipay are widely used by Chinese visitors in stores, restaurants, and even massage parlors.

"I don't need to take my wallet out, I don't need to wait for change Wes Schweitzer Falcons Jersey , there is some discount and no commission, the payment method has so many advantages," a woman from Beijing surnamed Liu told Xinhua while shopping in downtown Bangkok.

China's mobile payment service took its first step toward global market in 2008 by supporting cross-border in-store payment, and has since been venturing out to overseas market to facilitate Chinese travelers' experience abroad.

Alipay now partners with more than 120,000 businesses covering catering services, supermarkets, convenient stores Dontari Poe Falcons Jersey , duty free shops, airports, department stores and theme parks in 27 countries and regions in Asia, Europe, America, and even the Arctic area.

"Alipay is a really easy and conve Opting for cremation in. NHL Jerseys Wholesale   NFL Jerseys China   College Jerseys China   NBA Jerseys Wholesale   Soccer Jerseys From China   College Jerseys From China   New MLB Jerseys Cheap   Adidas NHL Jerseys Cheap   Football Jerseys Cheap   Basketball Jerseys Cheap 

 
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