The author analyzes the Chinese oil market and the rising pressure on Beijing to reform policies which constrain China's ability to meet soaring demand and to pay for crucial imports at a time of growing political and economic uncertainties. Dr Wang acknowledges the importance of China meeting its growing domestic oil demand, if at all possible, through national production. The sheer weight of China's population, and its burgeoning requirements as industrialization spreads into most regions, dwarfs the needs of others and places unprecedented strain on international oil trades.
The author stresses the fact that the outcome is hard to define, yet the time required to tackle the nation's energy needs is not limitless. Moreover, he reminds the reader of the perennial difficulty in meeting widely disparate economic and energy needs in different regions of the vast country.
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Dr Haijiang Henry Wang is Director of the research sciences group at Quality Strategies, Inc. At Quality Strategies, Inc., the author is in charge of survey design, statistical analysis and modeling. Earlier, he was Manager of Pacific Analysis and Senior Analyst at Energy Security Analysis, Inc., where he authored the monthly China Watch report and direct data analysis, and econometric forecasting. The author has also held the position of Division Chief and Deputy Manager of the Second Credit (Energy Credit) Department of the Bank of China and was affiliated with the World Bank. The author holds a B.A. in Economics from the People's University in Beijing, an M.A. in the same discipline from the Chinese Academy of Social Sciences, and M.S. and Ph.D. degrees in Energy Management and Policy from the University of Pennsylvania. The author's publications have appeared in international journals, such as, Energy Policy, Resource Policy, Petroleum Economist, Oil & Gas Journal, Pacific & Asian Journal of Energy, The Journal of Energy and Development, Energy, and Energy Exploration & Exploitation.