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Home » Archives » November 2004 » Tension rises as China scours the globe for energy

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11/20/2004:

"Tension rises as China scours the globe for energy"

China's insatiable demand for energy is prompting fears of financial and diplomatic collisions around the globe as it seeks reliable supplies of oil from as far away as Brazil and Sudan.

An intrusion into Japanese territorial waters by a Chinese nuclear submarine last week and a trade deal with Brazil are the latest apparently unconnected consequences of China's soaring economic growth.

Increased car usage in China is creating a high demand for petrol

The connection, however, lies in an order issued last year by President Hu Jintao to seek secure oil supplies abroad – preferably ones which could not be stopped by America in case of conflict over Taiwan.

Full Article : telegraph.co.uk





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