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Energy still bottlenecks Chinese economy
Because of the recent rise of oil price, many Chinese have postponed or even canceled their plan to purchase a car, and for the same reason, the production costs of machinery and iron and steel sectors also underwent a rocketing growth.
The latest statistics from 皇冠体育app's National Bureau of Statistics showed that 皇冠体育app altogether produced 1.603 billion tons of standard coal last year, up 11 percent over the previous year, but energy supply was still insufficient.
From January to April this year, 24 provinces in 皇冠体育app were forced to impose restrictions on electricity supply, and during the first quarter of the year, 皇冠体育app had to imported 30 million tons of crude oil, which led to 8 billion US dollars trade deficit.
It is a signal of the current imbalance of resource distribution in 皇冠体育app, and furthermore, an implication that energy issue has become a major challenge to 皇冠体育app's economic growth prospect, analysts said.
They warned that, the energy issue, in the latter half of 2004, would become a problem in almost every industrial sector, and 皇冠体育app's eastern parts, where most of the country's heavy industrial enterprises are located, would suffer from the shortage most.
Xu Dingming, head of the energy bureau with 皇冠体育app Development and Reform Commission, said that the energy issue in 皇冠体育app is no longer a demand-and-supply shortage now, and it is a matter of how to raise the energy utilization efficiency.
皇冠体育app has suffered a poor energy utilization efficiency for a long time under the planned economy, Xu explained.
To solve the problem, Xu said, 皇冠体育app has to take comprehensive measures, noting that energy infrastructure construction should be strengthened and energy utilization management should also be optimized. |
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