Perspective
Jul. 29, 2010
China's Energy Consumption: Pursuing the U.S. Model?
With a much larger population, it's no surprise that China has surpassed U.S. energy consumption. What's shocking is the speed at which it happened, by James Wong of Chinney Capital.
It was bound to happen sooner or later: Last week, the International Energy Agency (IEA) published data showing that China had overtaken the United States to become the world's biggest energy consumer.
According to IEA figures, China (including Hong Kong and Macau) consumed the equivalent of 2.252 billion tons of oil equivalents last year - about 4 percent more than the United States' 2.170 billion tons. The United Sta...
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