China signed a long-awaited 30-year deal last month to buy Russian natural gas worth about $400 billion, according to news reports. There has been a lot of debate about the agreed price.
Economic and environmental officials vow to step up efforts in the next two years to ensure China's energy and environment goals for 2015 are within reach.
Though China has signaled its intention to let the market play a decisive role in allocation of resources, it would need to make progress on energy pricing to achieve tangible results in the long term.
After securing the long-awaited gas agreement with Russia, China may have to take on more tasks on the energy front while enjoying the benefits, according to analysts.
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