explain the main reforms undertaken by China?s National Oil Companies since the early 2000s and identify the remaining challenges for improving their corporate governance practices. Shana Nussberger Management in China: domestic and international developments Word count: Introduction This paper aims at highlighting aspects concerning major reforms, which were carried out by National Oil Companies within China from early 2000s, based upon the Sinopec case. It also attempts to highlight remaining challenges towards the improvement of various practices concerning corporate governance within the Chinese companies which handle oil products. Due to difficulties which were experienced within the oil companies, there was need to come up with considerable changes through initiation of reforms which would endure that desired outcomes within company operations would appropriately be attained. In spite of the fact that suitable reforms were attained, it is clear that the oil companies within China face a variety of challenges which hinder smooth operations.