It's estimated that China could have nearly 30 million automobiles
by 2010. By 2030, China is expected to have more cars than the
United States and import as much oil as the U.S. does today.
Already, China has overtaken Japan as the world's second biggest
importer of oil, after the United States. And its appetite is
huge and growing. As Daniel Yergin of Cambridge Energy Research
Associates puts it, "China has gone from being a minor player in
world commodity markets, if a player at all, to being the decisive
ynamic factor today. In terms of oil, 40 percent of the entire
growth in oil demand since the year 2000 has been China."
In this quarter alone, China's demand for oil is projected to
increase 21 percent. That follows a 19-percent increase during
the first quarter of this year.
Nor are Chinese consumers, especially those in the growing middle
class produced by a booming technology sector, particularly
interested in fuel-efficient small cars. Gas-guzzling sport
utility vehicles are not simply an American passion. They are
in great demand in China, too.
In a report from China broadcast on National Public Radio in June,
a 35-year-old woman in Beijing, Sia Lan, an executive in China's
expanding advertising industry, said she, like many other of her
friends, prefers to drive SUVs. "I have a sedan car, too, which I
used to drive to work because my Jeep guzzles a lot more gas," she
said. "But I prefer my Jeep because I can see over all the other
cars."
A Chinese environmentalist, Liang Congjie, is distressed by the
implications. "If each Chinese family has two cars like U.S.
families, then the cars needed by China, something like 600
million vehicles, will exceed all the cars in the world
combined."
The prospect is daunting, not only for the effects it would
have on the world's production of greenhouse gases to accelerate
global warming, but also for the incredible pressure it would
put on the world's oil supply.
Just 10 years ago, China was self-sufficient in oil and actually
exported small quantities to other Asian nations. Now, imports
account for more than one- third of Chinese oil consumption.
And rather than relying on foreign oil companies to supply it
with oil, China wants its own oil firms to go directly overseas
to secure supply sources it can exploit itself.
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