China plans to create an energy ministry to oversee the country’s vast oil, natural gas, coal and power sectors, part of a planned government shake-up aimed at making policymaking more efficient, four sources with ties to the country’s leadership said this week. Chinese President Xi Jinping leaves after the opening session of the Chinese People’s Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing. REUTERS/Damir Sagolj The new ministry would replace the existing regulator, the National Energy Administration (NEA), which was created a decade ago and is part of the powerful state economic planner, the National Development & Reform Commission (NDRC). The new ministry would not be under the NDRC and would handle energy-related duties currently scattered across many government agencies, the sources said. The planned shake-up is part of a broader reshuffling of government departments, which will be presented to China’s […]