BP plans to make new energy investment in wind business for the first time in five years; the state will further control the construction of coal and electricity to deal with potential excess risk.

（2016/10/17-2016/10/23）

Review of International Energy News
◆ BP plans to make new energy investment in wind business for the first time in five years and it is ready to expand the US wind business by the end of this year.
◆ The World Bank predicts energy prices will rise next year, with a faster than average growth for oil.
◆ The global wind energy association (GWEC) released its wind energy report recently. The report points out that the world may have 20% of the overall power supply from wind energy as soon as 2030.

Review of Domestic Energy News
◆ During the"13th Five-Year Plan" period, the state should further control the construction of coal and electricity to deal with potential excess risk.
◆ The non-official funds have been attracted into the urban water supply, gas, heating, sewage and waste disposal industries.
◆ The Shanghai electric power system reforming experiment has been approved. It plans to carry out direct power transactions in 2017.