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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (4258)	6/6/2006 7:44:20 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24210

Auto boom worsens China's energy crunch Wu Zhong, Asia Times HONG KONG - Rapid industrialization, urbanization and enormous increases in the country's motor-vehicle fleet are the major factors boosting China's growing demand for energy, posing a serious challenge to Beijing's energy strategy. These key points emerged from remarks made by Feng Fei, a senior official with the Development Research Center of the State Council, a top Chinese government think-tank. China's economy has undertaken a dramatic restructuring due to its high-speed development. The restructuring is characterized by rapid industrialization, which now has entered its final phase. Last year, the output of heavy industry accounted for 69% of China's total industrial output, Feng said at a forum in Beijing on Thursday. ...energy demand in China is and will be boosted by the sharply growing number of cars. As autos become increasingly affordable, more Chinese want to buy them. According to figures from the Ministry of Public Security, there are now about 30 million motor vehicles on the road across the country. The number is expected to shoot up as sales of automobiles in China continue to grow. According to industry statistics, some 5.7 million motor vehicles were sold in 2005. It has been predicted that some 9.6 million units will be sold in 2010. If the current pace of expansion continues, there will be 140 million motor vehicles on China's roads by 2020. The sharp increase in vehicle uptake is boosting China's demand for oil, so much so that Chinese experts now expect oil shortages to become a chronic problem, fundamentally threatening the country's energy security. (3 June 2006) Related from Asia Times: China: Another dammed gorge. energybulletin.net