China Gasoline Exports Rose Nearly 68% in First Half of 2010
23 August 2010
People’s Daily. China’s gasoline and diesel exports rose by nearly 68% and 22%, respectively, in the first half of 2010 compared with the same period last year, according to the statistics released by the China Petroleum and Chemical Industry Association.
Qi Yuqin, an oil analyst from the sci99.com Web site, said that in recent years China’s refining capacity was concentrated while the growth of demand slowed, and the excess refining capacity directly led to the strong growth in oil exports. In January and April, the monthly rises in oil exports both exceeded 100 percent and in April, exports even rose by about 386 percent.
According to the medium and long-term plan of the National Development and Reform Commission, by the end of 2010 China should have 20 10-million-ton-level crude oil processing bases, accounting for 65 percent of the national processing capacity, and the average production of these enterprises will be 5.7 million tons per year. In the future, China will establish 10 oil refining bases, including four bases with a capacity of 30 million-plus tons per year and six bases with a capacity of 20 million-plus tons per year, according to the National Petrochemical Rejuvenation Program.
It is amazing how quickly China can change/add major industries like refineries, coal fires powers plants, nuclear power plants, Hydro power plants, ICE vehicles, electrified very high speed trains, cell phones (550 millions), PCs, etc. PHEVs, EVs, large rechargeable battery packs, etc will be next.
Will India (with almost the same population by 2020) be able to do the same?
By 2030/2040, those two may very well be the world first and second powers. USA and EU together may be a lower third. Go East young man may be the future thing to do.
Posted by: HarveyD | 23 August 2010 at 02:06 PM
Yeah, but....
http://inhabitat.com/2010/08/23/chinese-traffic-jam-extends-60-miles-and-nine-days/
Posted by: ai_vin | 23 August 2010 at 02:25 PM
This is not the first time the highway has faced such congestion.
A similar backup in July kept traffic to a crawl for nearly a month, Xinhua reported.
Read more: http://www.cbc.ca/world/story/2010/08/23/china-traffic-jam.html
Posted by: ai_vin | 23 August 2010 at 02:29 PM
The 20,000 miles of very high speed e-trains being built may not be enough. Another 80,000 miles may be required soon. Otherwise, 3-deck highways will be needed if Chinese continue buying cars at the current high rate. Very high speed growth is difficult to manage. Public services cannot keep up.
Posted by: HarveyD | 23 August 2010 at 05:32 PM