SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RealMuLan who wrote (25027)3/6/2005 7:41:52 PM
From: RealMuLan  Read Replies (1) of 116555
 
China's energy import exerts limited impact on global oilprice:
[World News]: Beijing, Mar 6 : China today dismissed as "groundless" Western media reports citing the booming Communist giant's growing energy demand as the cause for spiralling oil prices on the international market.

China, both an energy consumer and producer, should not be held responsible for the world's rising oil prices, Chinese Foreign Minister Li Zhaoxing told reporters at his annual press conference on the sidelines of the ongoing annual session of the Chinese Parliament, the National People's Congress (NPC).

"Although China's energy import has increased a little bit over the past two years, its import only accounts for approximately six per cent of the world's total traded oil," Li said.

It's true that China's energy demand has increased to certain extent as the country's economy has been growing rapidly in recent years, but the demand is mainly to be met domestically, he said.

Besides, he said, there is a big potential of saving energy and improving the use of energy efficiency in China's domestic energy supply.

Therefore, the Western media criticism saying that China is a major impact on the world's oil price is "groundless", he said. PTI

newkerala.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News