China Not a Threat to Global Energy Security |
|
"So I can't imagine why some people are saying that we, with a low consumption and import, pose a threat to global energy security, instead of those countries with high consumption and import," said Ma. "It is unfair." For per capita oil import, the figure in "So I can't imagine why some people are saying that we, with a low consumption and import, pose a threat to global energy security, instead of those countries with high consumption and import," said Ma. "It is unfair." The minister went on to describe "In a word, Ma said In line with international practice, petroleum will be stored at oil bases by both government and enterprise. "The two sectors of the oil reserve system are well underway," said Ma, noting that it takes time to make the reserves perfect. Wei Liucheng, Communist Party chief of Though declined to give more details, Wei said the provincial government is negotiating with international petroleum syndicates on the issue and " He pointed out that the tropical island is located near the main international sea routes for oil shipping, and that a 300,000- ton crude oil wharf is already in operation in the Yangpu Economic Development Zone on the island. On The lowering of this year's GDP growth target to 8 percent aimed to encourage the country to focus on transforming the growth mode, adjusting structures and improving the quality of economic development, said Ma. The minister explained why Premier Wen Jiabao failed to mention this year's target in energy conservation and pollution reduction which are determined by various factors. Some measures may produce visible outcomes within the year while others may take effect years later, noted the minister. But the central government's determination has not changed, said Ma, adding that the government's efforts and achievement in this field could be judged in a five-year perspective. Ma also rejected the suggestion that "The recent fluctuation of the Chinese stock market should not be blamed for a major cause of the ups and downs of stock markets in other countries. They should have checked their own problems," Ma said. In his response to the comment that "The volatility of the market, no matter bullish or bearish, only depends on trading," he said, adding investors should have a rational judgment on the risks and gains.
|