Business Report : China’s energy demands are key to oil price

From the Business Report:

Record high prices have been partly driven by China’s voracious appetite for needed to fuel the manufacturing industries powering breakneck growth in its economy, analysts say.

Oil is a top strategic concern for China as it looks to maintain growth rates at around the 9.5 percent level achieved in 2004, its fastest rate in eight years.

Behind the economic surge and the ensuing spike in oil demand are the nation’s manufacturers, which rely heavily on energy to meet the booming demand for autos, steel and electronic goods.

Categories : ,

Tags :,


CDT on Twitter

Google Ads 1


Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.