China vulnerable to energy prices

[lovuian]

http://feeds.bignewsnetwork.com/?sid=eaf55143de992322

Big News Network.com Sunday 7th August, 2005 (UPI)

Because China's economy is vulnerable to soaring international oil prices, it should be more energy efficient, a Chinese government official said.

The best way to cope with the $60 a barrel oil price is by improving energy efficiency and developing alternative energy resources, said Zhang Guobao, vice minister of the National Development and Reform Commission.

China consumes considerably more energy resources than Japan. Experts estimate if China could become as energy efficient as Japan, China would not have to increase its demand for energy for the next 60 years, the China Daily reported.

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China has got a problem!!!