China Pursues Shale Gas as a Cleaner Alternative to Coal

China Pursues Shale Gas as a Cleaner Alternative to Coal

by diplomat@oilprice.com (Diplomatic Courier)

Over the past twenty years, China has experienced dramatic economic growth, transforming itself from a basically agrarian society into the world’s second largest economy behind only the United States. Since the initiation of economic and political reforms in 1978, China has produced an average annual growth rate of 10 percent. From 1978 to 2008, China increased its GDP 83 times (NBS, 2009) and lifted over two hundred million of its people out of poverty. This has continued to generate increased energy supply. Within China’s energy sector,…Read more...