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1、ChinaEnergyData,StatisticsandAnalysis-Oil,Gas,Electricity,Coalfile:///Z:/NewCABs/V6/China/Full.htmlChinaLastUpdated:November2010BackgroundChinaistheworld'sChinaisthesecondlargestoilconsumerbehindtheUnitedStates.Chinaemergedfrombeingamostpopulousnetoilexporterint
2、heearly1990sandbecametheworld’sthird-largestnetimporterofoilin2006.countryandtheChina’soilconsumptiongrowthaccountedforaboutathirdoftheworld’soilconsumptiongrowthsecondlargestin2009.NaturalgasusageinChinahasalsoincreasedrapidlyinrecentyears,andChinahasenergycons
3、umerlookedtoraisenaturalgasimportsviapipelineandliquefiednaturalgas(LNG).ChinaisalsothebehindtheUnitedworld’slargestproducerandconsumerofcoal,animportantfactorinworldenergymarkets.States.RisingoildemandandimportsChinaistheworld'smostpopulouscountryandhasarapidly
4、growingeconomy.China’srealhavemadeChinaagrossdomesticproduct(GDP)grewatanestimated8.7percentin2009,whilethecountrysignificantfactorinregisteredaveragegrowthof10percentbetween2000and2008.Therecentglobalfinancialworldoilmarkets.crisiscausedChina’sGDPtoslowfromhigh
5、sof13percentin2007,to6.2percentinthefirstquarterof2009(measuredagainstQ12008),thelowestquarterlyratein10years.However,thesecondquarter2009sawGDPgrowthreboundsomewhatanduntilQ12010,theratehassteadilyrisento11.9percent,thefastestyearoveryeargrowthin3years.Asia,par
6、ticularlyChinaandIndia,wasthefirstareatoseegrowthduringtheglobalrecession.MostanalystspredictChinawillgrowaround10percentin2010.China’srecent4-trillionyuan($586billion)economicstimuluspackage,launchedinNovember2008,isfocusedonboostingChina’sdomesticconsumption(c
7、urrentlyaboutathirdofrealGDP)andfixedassetinvestment,aswellasimprovingindustryvaluechainsandenergyconservationinordertodecreasedependenceonanexport-driveneconomy.Usingvariousmeasuressuchastaxreductions,rebates,fiscalsubsidies,greateraccesstocredit,anddirectgover
8、nmentexpenditures,Chinaistargetingalmostallsectorsoftheeconomy:realestate/construction,transportationandpowerinfrastructure,agriculture,socialservices,heavyandlightin
