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China not a threat to global energy security(泛读)

China poses no threat to world energy security as the country's consumption and import are low, said Ma Kai, the minister of National Development and Reform Commission Wednesday.

China's per capita oil consumption in 2005 is 242 kilograms, compared with the world average of 590 kilograms, over 3 tons in the US and 1.9 tons in Japan, noted Ma on the sidelines of the National People's Congress session.

For per capita oil import, the figure in China is 100 kilograms, 400 for the world average, 2.1 tons for the US and roughly 2 tons for Japan, added the minister.

"So I can't imagine why some people are saying that we, with a low consumption and import, pose a threat to global energy security, instead of those countries with high consumption and import, " said Ma. "It is unfair."

The minister went on to describe China as an active factor to maintain global energy security. "As a developing country, China, on its own, solved the problem of providing energy for 22 per cent of the world's population," said Ma. "This is a tremendous contribution to world energy security."

"In a word, China did not, does not and will not pose threat to the global energy security, "noted Ma.

Ma told the country to shun off a blind pursuit of GDP growth, calling for an improvement of the quality of the economic development.

The lowering of this year's GDP growth target to 8 per cent aimed to encourage the country to focus on transforming the growth mode, adjusting structures and improving the quality of economic development, said Ma.

China's GDP registered a 10.7 per cent last year, the fourth year in a row that saw a double-digit growth. While believing the speed is normal, the minister expressed his worries as "the price paid for the economic development is too high".

The minister explained why Premier Wen Jiabao failed to mention this year's target in energy conservation and pollution reduction which are determined by various factors. Some measures may produce visible outcomes within the year while others may take effect years later, noted the minister.

But the central government's determination has not changed, said Ma, adding that the government's efforts and achievement in this field could be judged in a five-year perspective.

The minister rejected the suggestion that China triggered the recent global stock market rout, echoing an earlier statement by Shang Fulin, chairman of the China Securities Regulatory Commission.

"China's stock market is relatively small in scale and the full convertibility of renminbi, the Chinese yuan, under capital accounts have not been carried out, " said Ma.

"As a result, the Chinese equity market will not have great influences on the global market. "
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