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China overtakes US as world's largest consumer

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  • Christopher Miller
    Items from the BBC and the CBC (more info in the latter) on China s new status as top consumer in several areas, including coal. Interestingly, cars (and ergo
    Message 1 of 1 , Feb 16, 2005
      Items from the BBC and the CBC (more info in the latter) on China's new
      status as top consumer in several areas, including coal. Interestingly,
      cars (and ergo petroleum) are one area where China lags far behind the
      US. A very interesting quote at the end of the CBC story:

      (Washington-based Earth Policy Institute president Lester)"Brown warns
      that the United States, which is the world's leading debtor nation, now
      depends heavily on Chinese capital to underwrite its fast-growing debt.

      "If China ever decides to divert this capital surplus elsewhere,
      either to internal investment or to the development of oil, gas, and
      mineral resources elsewhere in the world, the U.S. economy will be in
      trouble.""

      http://news.bbc.co.uk/2/hi/asia-pacific/4272577.stm

      http://www.cbc.ca/story/world/national/2005/02/16/china-consumption
      -050216.html


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      Christopher Miller
      Washington DC/
      Mount Rainier, Maryland
      USA
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