China will introduce broad reforms on water pricing by the end of 2015, with the aim of conserving limited resources and encouraging water related investments, The Wall Street Journal reported, citing a government announcement on Friday. The changes are part of a wider government reckoning that current state-controlled pricing structures for everything from water to electricity and natural gas are severely flawed. The new system, which will extend existing trials in some locales, will include a three-tiered pricing structure based on water use for households in all cities and some towns.
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