By Collins, Gabriel B.; Erickson, Andew S.; Goldstein, Lyle J,; Murray, William S.
Numerous viewpoints is accessible during this well timed research of China's economic system and the long run form of Beijing's power intake. The authors, all famous experts within the fields of economics, international relations, strength, and safety, ponder an unparalleled diversity of impacts and components to prevent the constraints of taking a look at the topic myopically or with political bias. They finish that whereas power lack of confidence may perhaps finally result in an palms race at sea or perhaps a naval clash that neither facet wishes, there's abundant room for Sino-
American strength discussion and cooperation within the maritime area.
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Additional info for China's Energy Strategy : The Impact on Bejing's Maritime Policies
26 According to the Asia Pacific Energy Research Centre, China plans to develop its strategic petroleum reserves in three stages with the eventual goal of storing ninety days of imports by 2020, an amount recommended by the International Energy Agency. Though the exact starting date of the first stage may now be inaccurate, the overall plan for developing China’s strategic petroleum reserve appears to remain intact. • By 2005, China’s oil reserves are to have a storage capacity equal to thirty-five days of imports, of which fourteen days of reserves would be managed directly by the government and twenty-one days would be managed by state-owned enterprises.
1999). 20. As a caveat, it should be noted that China lags well behind the United States in energy efficiency. 21. Lieberthal and Herberg, China’s Search for Energy Security, 12. 22. Bernard D. : National Defense University, 2003), 52–53. 23. : RAND, DRR-3621-DIA, March 2005). 24. “China Government to Set Up Petroleum Reserve Base,” ChinaOnline, 30 March 2001. 25. “China to Build Four Major Oil Reserve Bases,” People’s Daily, 10 October 2004. indd 11 3/27/08 10:18:01 AM 1 2 James Mulvenon 26.
China’s cultivation of cordial ties with Africa, where it is now the largest foreign investor, is a case in point well illustrated by the recent Sino– African summit in Beijing. China’s willingness to subordinate other priorities to the consolidation of energy-purchase relationships with sometimes difficult partners abroad also testifies to this. indd 17 3/27/08 10:18:02 AM 1 8 Chas W. F r eema n Jr . ing foreign suppliers into the ownership and operation of refineries on its territory in order to consolidate their dependence on the China market and give them an incentive to continue to supply it even in times of adversity.