Oil imports and China’s great energy thirst

Experts expect China’s oil imports to increase dramatically despite greater use of domestic and alternative energy sources. With an annual economic growth rate averaging more than 9 per cent, Beijing must find additional foreign oil and gas supplies whilst limiting its overall reliance on foreign sources through conservation and higher nuclear and hydroelectric power output.

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China’s needs are such that Beijing is willing to sign deals with countries like Sudan, Iran and Venezuela which are largely boycotted by the international community.

Asia News