Businesses seeking alternatives in new energy as traditional fossil fuels run low

Editor's note: Enterprise transformation has become a hot concern among many entrepreneurs at a time when the country faces the challenge of restructuring its economy. It was an important subject during the annual session of the country's top legislature, which concluded on Wednesday.

Huabei Oilfield Co has the world's deepest gas storage tanks underground and has begun to provide a steady gas supply to the clean-energy thirsty region of Beijing, Tianjin and Hebei province.