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Oil problem in China

Nowadays, the trend of economic development depends on the oil much more closely than before. No matter it is a developed country or it is a developing country, oil problem is a big hamper to progressing its economy. Together with strong economic growth, China needs more oil to meet its surging requirement. But China faces an embarrassment fact that oil production can not accommodate industrial need. Although this is a popular problem confusing modern countries, China should pay more attention to deal with this problem to keep up its fast GDP rising. Facing this situation, Chinese government takes a series measures to tackles with this problem. With new technology introduced, oil problem will not retain China’s economy mounting up.

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