China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1545)	11/18/2003 11:43:24 PM
From: RealMuLan	Read Replies (1) of 6370

China to cut oil consumption through automobiles BEIJING - Experiencing a mounting reliance on imported oil, China is exploring the possibility of cutting its oil consumption by promoting energy-efficient automobiles. "To squeeze automobile oil consumption will be one of the government's top priorities in the years to come," said Liu Shijin, a researcher for China's cabinet's think-tank, the Development Research Center of the State Council, at a seminar held from November 15-17 in Beijing. According to Liu, the imbalance between the country's limited oil supply and fast-rising auto consumption has become more obvious in recent years. While the number of autos in China is set to rise from around 20 million in 2002 to 30 million in 2005, China's reliance on imported oil could also grow further. atimes.com

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