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domingo, febrero 5, 2023

China’s 2010 energy consumption rose by 5.9 percent

In a report released on Monday, the bureau said economic growth accelerated by 10.3 percent in 2010 to 397,983 billion yuan – the fastest pace in three years as industrial production rose, boosting demand for fuel and electricity. China’s gross domestic product back in 2009 totaled 335, 353 billion yuan, a mere 8.7 percentage increase from 2008 levels.

Energy consumption fell 4.01 percent per unit of gross domestic product from 2009’s 2.2 percent fall, according to the bureau.

Crude oil consumption expanded 12.9 percent last year as compared with 2009’s increase of 7.1 percent while power use gained 13.1 percent versus 2009’s 6.2 percent gain.

Natural gas demand rose 18.2 percent from the 9.1 percent increase in 2009, and coal consumption gained 5.3 percent, a decrease from 2009’s 9.2 percent increase from 2008 levels.

Premier Wen Jiabao said China aims to reduce energy use per unit of G.D.P. by as much as 17 percent in five years from 2010 to 2015 after failing to meet a target to cut consumption by 20 percent in the 2006 to 2010 period, Bloomberg reported.

The government has set an annual economic growth target of 7 percent for the five-year period. China’s goal was 7.5 percent for the period from 2006 through last year.

 

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