| For a long time, the Chinese economy is
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| | for a various number of reasons. To meet
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| growing at an outstanding pace and I
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| | the growing demand, China is going after
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| think no other economy saw so much
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| | securing supplies from oil fields from
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| expansion in the last 10 years like the
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| | various parts of the world. At the same
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| Chinese economy. This growth has taken
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| | time, since Chinese economy is on a ride,
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| China into a new level in the world
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| | China can afford to purchase oil at a
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| politics. Now China is gradually being
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| | slightly higher price than other
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| recognized as a huge economic power by
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| | countries. The main concern for the
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| rest of the world. However, this growth
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| | policy makers in China now to find an
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| means that Chinese economy is consuming
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| | alternate to oil as the global oil
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| more and more fuels like oil, gas and
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| | reserve is diminishing at a fast
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| coal. This matter is becoming a growing
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| | pace.China is actively pursuing the
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| concern not just for the Chinese economy
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| | development of alternative sources of
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| but for the rest of the world too. As a
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| | energy. China has a huge reserve of coal
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| result of the Iraq War and destabilizing
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| | and Chinese policy makers are now
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| condition in Middle East the price of oil
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| | focusing on making the best use of its
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| has remained a cause of concern for the
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| | coal mines. A massive initiative has been
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| last 2-3 years and the growing demand for
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| | taken to extract gas from coal. If this
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| Chinese economy can only make matters
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| | project can become successful then many
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| worse.Much of the time for the last one
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| | Chinese cars would run with gas instead
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| decade Chinese GDP experienced nearly
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| | of oil. Gas extracted from coal will also
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| double digit growth rate. This way,
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| | work as source of energy for the power
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| Chinese economy has turned into the
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| | plants. Another option is hydro
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| world's fourth largest now. If the
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| | electricity and China is aggressively
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| current trend continues after 2-3 decades
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| | pushing it. Almost all the major rivers
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| the Chinese economy will emerge as the
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| | of Asia have originated in China.
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| largest. This means that Chinese economy
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| | However, this plan can face stiff
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| will consume more energy in future too.
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| | resistance from other countries who are
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| The rest of the world is looking at China
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| | in downstream.China's worry for energy
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| now to see what the country is doing to
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| | only reminds us of the fact that we have
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| address this issue. China has already
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| | become too much dependent on oil and if
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| become the second largest importer of
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| | we do not give enough importance to
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| oil. This sounds to be astonishing
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| | finding alternative sources for energy
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| because only 2 decades ago Chinese
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| | then the future is very bleak indeed not
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| economy hardly needed any imported
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| | just for the Chinese economy but for the
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| oil.After the growth of Chinese GDP
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| | world economy as a whole. The time has
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| started at a double digit the demand for
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| | perhaps come for us to become desperate
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| oil increased and gradually Chinese
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| | for developing alternative sources of
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| economy needed more and more imported
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| | energy.Razib Ahmed is a freelance writer
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| oil. Another reason for the increase in
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| | and English language teacher from
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| demand of oil is the fact that the number
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| | Bangladesh. He mainly writes about
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| of cars in the Chinese street is
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| | Information and Communication technology,
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| increasing in a huge pace. In the past,
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| | International and Asian business,
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| China was a role model for its use of
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| | literature and freelance writing. Razib
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| bicycles. This increase in demand for oil
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| | is also a freelance journalist and
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| coupled with the rising price of oil in
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| | translator with 10 years of experience
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| the world market in the last one decade
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| | with him.
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