摘要
China, in some ways, had not officially put itself on the path of industrialization until early 1980s. And it’s hardly surprising that China’s total energy demand has been and will keep rising to meet the increasing demand stemming from modernization. Energy
China, in some ways, had not officially put itself on the path of industrialization until early 1980s. And it＇s hardly surprising that China＇s total energy demand has been and will keep rising to meet the increasing demand stemming from modernization. Energy efficiency has long been regarded as a way to reduce production costs as China moves forward to become a market economy. Nowadays energy efficiency is high on the agenda of the Chinese government.
The rocketing crude prices affected the Chinese economy greatly, as the nation relies on imports to meet nearly 50 percent of its oil demand. Given the price rises for crude and government capping on domestic prices of refined oil products, the oil refining sector has lost 50 billion yuan （US$7.3 billion） so far this year.
