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    PetroChina shares rise on pipeline sales plans

    By Du Juan | China Daily | Updated: 2014-05-14 07:21

    PetroChina Co said it will sell pipeline assets, a move to further reform State-owned Chinese enterprises and usher market forces into the world's second-largest economy, analysts said.

    The government is also fighting high-level corruption.

    PetroChina, the country's biggest pipeline network operator, said on Monday its First and Second West-East Gas Pipelines will be transferred to a new subsidiary, PetroChina Eastern Pipelines Co.

    PetroChina shares rise on pipeline sales plans

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