Energy In China

1358 Words3 Pages

China is hungry for energy. From the 1970s to the end of 1990s, China had quadrupled its economy. With plans on quadrupling their economy yet again by 2020, China has been on the fast track of faster industrialization, leading to an unprecedented demand for energy. By the mid 1990s, China has turned into a petroleum exporter, to a petroleum importer. With record increases in oil, natural gas, and other energy related imports, there has been a substantial pressure on the global energy and resource markets, making energy security a national priority. As China has not built up substantial strategic reserves and being unable to satisfy their own energy needs, the reliance of an external energy supply has increased dramatically. As a result, China has turned to Latin America in search of new energy resources. China has become the world’s largest producer, consumer, and importer of coal, accounting for nearly half of the world’s coal consumption. In 2011, almost 70% of energy consumption with China has been produced through coal. From 2000 to 1012, coal consumption had doubled. With such high levels of coal consumption, China has been faced with devastating environmental and health damages. Cancer, more commonly lung cancer, is now the leading cause of death in Beijing. There has also been an increase in environmental damages with the increases in heavy manufacturing in mining, resulting in deserts spreading, farmlands drying out, and crop yields plateauing. Not only has this issue affect China, but has become a global economic security issue. “Global energy prices influence every corner of the world economy.” As of 2013, China’s oil consumption growth accounted for one-third of the world’ oil consumption growth, and it is projected t... ... middle of paper ... ...mminent. That China is trying to control Latin American oil, and take advantage of this developing region. The second thought it that this new rise of Chinese in the region is a positive, and can cause great economic and development potential. This is due to Latin America’s mindset of wanted to have great economic improvements like China, while reducing dependence from the United States. The third school of thought is that “China’s energy and related activities in Latin America, increasing as they have been in recent years, do not constitute a particular pattern of planned expansion in the region, that Latin America can only benefit from China’s presence. Going forward, “Latin American governments must consider how their long-term interests can be served by forging closer ties with China, while also keeping in mind the importance of their traditional U.S. market”.

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