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Beijing is accelerating reforms to liberalize the sale of electricity, setting a target to sell 35% through so-called direct trading, up from 19% last year, Xinhua reported this week, citing Wang Qiang, an official with China’s economic planning agency.

The market-based reforms will end the current government controlled system of distribution, loosen price controls and open the power distribution and sales to private enterprises to allow market forces to influence prices.

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