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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1895)	12/11/2003 1:50:10 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Half of China's oil consumption will depend on imports within four years ( 2003-12-11 22:36) (Xinhua) China will see an increasing dependency on crude oil imports, with the amount of crude oil imported rising from 31 percent in 2002 to 50 percent four years later in 2007, according to official research released in Beijing Thursday. Research by China's Ministry of Communications on marine oil transportation predicted that the country would import 100 million tons of crude oil in 2005, 150 million tons in 2010 and in 2020 the number would soar to 250 to 300 million. China would become the world's second biggest oil consumer following the United States and third oil importer after the United States and Japan, said the research report. www1.chinadaily.com.cn