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China
Country Analysis Briefs
Profile
Country Overview
President Hu Jintao (since March 2003)
Premier Wen Jibao (since March 2003)
Location Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam
Independence 221 BC (unification under the Qin or Ch'in Dynasty); 1 January 1912 (Manchu Dynasty replaced by a Republic); 1 October 1949 (People's Republic established)
Population (2005E) 1,306,313,812
Languages Standard Chinese or Mandarin (Putonghua, based on the Beijing dialect), Yue (Cantonese), Wu (Shanghaiese), Minbei (Fuzhou), Minnan (Hokkien-Taiwanese), Xiang, Gan, Hakka dialects, minority languages (see Ethnic groups entry)
Religion Daoist (Taoist), Buddhist, Muslim 1%-2%, Christian 3%-4% note: officially atheist (2002 est.)
Ethnic Group(s) Han Chinese 91.9%, Zhuang, Uygur, Hui, Yi, Tibetan, Miao, Manchu, Mongol, Buyi, Korean, and other nationalities 8.1%
Economic Overview
Exchange Rate (August 8, 2006) 1 Chinese Yuan Renmimbi = 0.125 USD
Inflation Rate (2004E, 2005E, 2006F) 3.9%, 1.8%, 2.2%
Gross Domestic Product (2005E) $2.23 trillion
Real GDP Growth Rate (2004E, 2005E, 2006F) 10.1%, 9.9%, 9.9%
Unemployment Rate (2005E) 4.2%
External Debt (2005E) $252.8 billion
Exports (2005E) $779.7 billion
Exports - Commodities machinery and equipment, plastics, optical and medical equipment, iron and steel
Exports - Partners (2004E) US 22.8%, Hong Kong 16.2%, Japan 12.4%, South Korea 4.4%, Germany 4%
Imports (2005E) $649.7 billion
Imports - Commodities machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel
Imports - Partners (2004E) Japan 16.1%, Taiwan 10.9%, South Korea 10.4%, US 7.7%, Hong Kong 7.4%, Germany 5.4%
Current Account Balance (2005E) $160.8 billion
Energy Overview
Proven Oil Reserves (January 1, 2006E) 18.3 billion barrels
Oil Production (2006E) 3,806.2 thousand barrels per day, of which 96% was crude oil.
Oil Consumption (2005E) 6,899.6 thousand barrels per day
Crude Oil Distillation Capacity (2006E) 6,246 thousand barrels per day
Proven Natural Gas Reserves (January 1, 2006E) 53.3 trillion cubic feet
Natural Gas Production (2004E) 1.4 trillion cubic feet
Natural Gas Consumption (2004E) 1,350.5 billion cubic feet
Recoverable Coal Reserves (2003E) 126,214.7 million short tons
Coal Production (2004E) 2,156.4 million short tons
Coal Consumption (2004E) 2,062.4 million short tons
Electricity Installed Capacity (2004E) 391.4 gigawatts
Electricity Production (2004E) 2,079.7 billion kilowatt hours
Electricity Consumption (2004E) 1,927 billion kilowatt hours
Total Energy Consumption (2004E) 59.6 quadrillion Btus*, of which Coal (69%), Oil (22%), Hydroelectricity (6%), Natural Gas (3%), Nuclear (1%), Other Renewables (0%)
Total Per Capita Energy Consumption (2003E) 34.9 million Btus
Energy Intensity (2004E) 9,080.4 Btu per $2000-PPP**
Environmental Overview
Energy-Related Carbon Dioxide Emissions (2003E) 3,541 million metric tons, of which Coal (81%), Oil (17%), Natural Gas (2%)
Per-Capita, Energy-Related Carbon Dioxide Emissions (2003E) 2.7 metric tons
Carbon Dioxide Intensity (2004E) 0.7 Metric tons per thousand $2000-PPP**
Environmental Issues air pollution (sulfur dioxide particulates) from reliance on coal produces acid rain; water shortages, particularly in the north; water pollution from untreated wastes; deforestation; estimated loss of one-fifth of agricultural land since 1949 to soil erosion and economic development; desertification; trade in endangered species
Major Environmental Agreements party to: Antarctic-Environmental Protocol, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling signed, but not ratified: none of the selected agreements
Oil and Gas Industry
Organization China’s oil and gas industry is dominated by three state-owned holding companies: the China National Petroleum Corporation (CNPC); the China Petroleum and Chemical Corporation (Sinopec); and the China National Offshore Oil Corporation (CNOOC).
Major Oil/Gas Ports Shanghai, Zhanjiang, Zhuhai, Guangzhou, Xiamen (Amoy), Hangzhou, Qingdao, Dalian, Tianjin
Foreign Company Involvement Agip, Apache, BP, ChevronTexaco, ConocoPhillips, Eni, ExxonMobil, Husky Energy, Kerr-McGee, Mitsubishi, Royal Dutch Shell, Saudi Aramco, Total
Major Oil Fields (production, bbl/d) Daqing (929,268), Shengli (535,531), Liaohe (256,991), Xinjiang (222,524), Changqing (162,422)
Major Natural Gas Basins Tarim (Xinjiang), Sichuan, Ordos (Shaanxi, Inner Mongolia)
Major Refineries (capacity, bbl/d) Zhenhai (403,000), Ningbo (320,000), Maoming (270,000), Nanjing (270,000), Lanzhou (250,000), Shanghai (226,000 and 176,000), Dalian (210,000 and 160,000), Fushu (200,000), Beijing (170,000), Heilongjiang (160,000 and 120,000), Guangzhou (154,000), Liaoyang (150,000)
* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP figures from OECD estimates based on purchasing power parity (PPP) exchange rates.

Country Analysis Briefs

August 2006
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