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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (26938)4/5/2005 5:50:50 PM
From: RealMuLan  Read Replies (1) of 116555
 
[Why the US himself cannot be a responsible energy consumer???]--U.S. Encourages China To Become Responsible Energy Consumer
Bilateral cooperation could provide support for sustainable development
04 April 2005
By Andrzej Zwaniecki
Washington File Staff Writer

This is one in a series of articles on U.S.-China economic relations.

Washington -- The United States has a strong interest in China’s development as a responsible consumer and producer of energy because the two countries are projected to be the world's largest energy consumers in coming decades, a U.S. official says. The United States has encouraged other countries to liberalize their energy markets, improve energy efficiency, move toward cleaner technologies and develop alternative sources of energy, the official, who asked not to be identified, said in a March interview. But such policies are much more important in China because of the sheer size and projected growth of its energy demand, the official said.

Taken together, the U.S. and Chinese economies consume nearly one-third of world energy production, with the United States accounting for 21 percent of consumption and China 8.5 percent. But China’s demand for energy will grow much faster than the United States', driven by projected continued dynamic economic growth of that country.

Thus “what China is doing to rationalize its energy policy is good for everybody -- for itself, for the United States and for the world,” the official said.

allamericanpatriots.com
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