China: Why Did State Pay So Much For Assets It Already Owns? – Analysis
By Michael Lelyveld
China's biggest energy shakeup in years has turned into a guessing game as analysts wonder why the state agreed to pay so much for assets that it already owns.
On July 23, PetroChina, the listed arm of state-owned China National Petroleum Corp. (CNPC), announced an agreement to transfer its oil and gas...
