Who will boost 21st century China?

Author: Li Xiangyang
Publisher:
Publish Date: 2005-01-01
Features: China has transitioned from a world oil exporter to the world's second-largest oil consumer and third-largest oil importer, becoming stronger and more powerful. China's GDP growth rate has attracted global attention, with car ownership increasing by millions annually, rapidly integrating into households and accelerating urbanization. China is emerging as the "world's factory." A "peaceful rise" requires more oil. The Malacca Strait dilemma, the zigzagging construction of the China-Russia oil pipeline, and the dispute over the development of the East China Sea oil and gas fields all highlight China's position in the Northeast Asian arc of energy crisis. Oil has become the "soft underbelly" of China's economic development. Who will fuel China in the 21st century? While engaging in oil diplomacy, establishing strategic oil reserves, and fostering China's Shell and Exxon, we must not forget the risks. Let's pay attention to oil and the oil topic.