Increasing of oil price in the world will influence to economic system and industrial in China. We knew that the China is producer of world need from clothes until heavy equipment industry.
Oil is most important for China economic with population 1.3billion to growth the economic. Except coal, China has no natural energy resource so energy is the worries of China.
Oil reserves in China about 15million barrel only enough for 20days and compare with Japan 161days, US 158days, Germany 117days, France 96days and also Indonesia 60days, China oil reserve is not save enough.
In 1970 oil minister from Saudi Arabia, Sheikh Ahmed Zaki Yamani said oil price which too high will potential to find other source energy from renewable (bad news for Saudi Arabia).
Yamani’s worries will become true. In 21 century, the China “strategy” begin to use renewable energy like nuclear, wind, hydro, solar, tidal, geothermal and bio-fuel. During 15years forward, China will be pay $180million for increase renewable energy market or increase from 7% become 15% production.
Last year, China already leading from Denmark, Germany and US about wind turbine manufacture. Also China looks leading about solar panel technology and China already become the biggest country which use hydro power.
In the future world, oil will be replaced to renewable energy and China will be a leader in the technology of renewable energy.
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