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 statistics system and promptly released energy statistics, so as to ensure the openness and transparency of energy policies, statistics and information.

— Further expanding the scope of foreign investment. In bringing in foreign investment for the development and utilization of energy resources, China pays primary attention to introducing foreign advanced technology, management experience and people of high caliber to further shifting the focus from investing in fossil energy resources to renewable resources, from emphasizing exploration and development to the development of service trade, and from relying mainly on foreign loans and direct foreign investment to directly pooling of funds at international capital market.

For a fairly long time to come, international energy trade will remain a major way by which China utilizes foreign energy resources. China will actively expand international energy trade, promote the complementary advantages of the international energy market and maintain the stability of this market. China will pursue energy imports and exports, and improve policies for fair trade in accordance with its commitments to the WTO and the WTO rules. It will, step by step, change the current situation of relying too heavily on spot trading of crude oil, encourage the signing of long-term supply contracts with foreign companies, and promote the diversification of trading channels. China supports direct overseas investment by domestic qualified enterprises to engage in transnational operation, and encourage such enterprises to participate in international energy cooperation and in the construction of overseas energy infrastructure, and steadily expand cooperation in energy engineering technology and services in accordance with international practice and the rules of the market economy.

Energy security is a global issue. Every country has the right to rationally utilize energy resources for its own development, and the overwhelming majority of countries could not enjoy energy security 41