After U.S. Energy Secretary Ernest Moniz said it’s uncertain how China will handle its natural gas development, American Enterprise Institute’s Nicholas Eberstadt tells TheStreet’s Joe Deaux the energy sector in China will be exposed to the country’s social tender box. Eberstadt says rural to urban migration and the unpredictability of social forces will deeply influence the energy industry there. Eberstadt says businesses must evolve with the changes.
VideoKeywords=oil, china, energy sector, united states, american enterprise institute, energy department, regulations, social unrest, rural migration, urban development
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