No Oil for the Lamps of China
Abstract
The ubiquitous Made in China stickers and labels on consumer products remind us daily of China's incredible economic rise. The world is accustomed to this powerful phenomenon and seems to expect that China's economy will grow at 10 percent annually for at least another decade. Such remarkable economic progress has lifted millions of Chinese out of poverty and also substantially benefited the global economy. It is also arguably the cornerstone of Chinese Communist Party legitimacy. Western and Asian hunger for inexpensive Chinese goods fuels much of this growth, but China's economic engine cannot run without imports of raw materials, such as bauxite, iron ore, timber, and, perhaps most significantly, crude oil. Once a significant exporter, China became a net importer of crude in 1993 and now struggles to deal with this dependency.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2008
- Accession Number
- ADA519087
Entities
People
- Gabriel B. Collins
- William S. Murray
Organizations
- Naval War College