Summaries Heft 2/2007 Heinrich Kreft: China’s Policy of Securing Energy and Raw Materials as a Challenge for the West |
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China’s rapid pace of growth and the increasing wealth of its citizens has led to
growing demand for raw materials and for oil in particular. In 1993 the country
became an importer of oil, and since then imports have risen steeply. Today, China
imports 40 percent of its oil supplies and its dependence on oil (and gas) imports
will continue to grow. In response to this, the Beijing leadership has launched an
all-out program of domestic reform as well as a global import-security strategy.
China’s economic growth, which is crucial for its internal (and thus regime) stability
depends on secure (and affordable) energy supplies. With energy security
now a top priority, Beijing has launched a global drive to secure the country’s fuel supplies. The vulnerability of the sea routes from the Middle East and Africa is a
major concern, and the fact that only the United States is able to control them
makes it even more so.
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