Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Coal, oil and electric industries to experience slowdown in 2009
+ -
13:48, February 01, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Big Chinese firms squeeze payroll of top executives to cope with
 High level executives in Shanghai SOEs take the lead in salary cuts
 Chinese investors embrace more holiday joy from stock market
 Chinese gear up to buy U.S. homes
 China offers incentives to stimulate hybrid cars
 Comment  Tell A Friend
 Print Format  Save Article
"China Economic Forecast and Outlook in 2009", a report recently issued by the Center for Forecasting Science under the Chinese Academy of Sciences, which makes supply and demand forecasts for China's coal, oil and electric industries for 2009, predicts that there will be a reduction in demand for China's coal in 2009. In the coal industry, supply will exceed demand, while the price of coal will gradually decrease. The industry prospects will be gloomy.

The report estimates that domestic gasoline prices will remain low in 2009. Gasoline supply and demand will basically maintain a balance, while the oil industry will start to feel slowdown.

The report says that due to the joint effects of various factors, the growth rate of China's power demand in 2009 will dramatically drop. Electricity production capacity will be enhanced while average utilization hours of power generation will continue to decrease, leading to a surplus of electricity. Influenced by insufficient demand from downstream industries, China's electricity prices in 2009 will maintain stable.

By People's Daily Online



  Your Message:   Most Commented:
2009 Spring Festival
U.S. blame game cannot change facts of financial crisis 
Hu Jintao's "bu zheteng" baffles foreign media 
China hopes to ensure healthy, stable relations with U.S.
Hezbollah chief: Gaza militants to inflict big loses on Israel 

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6583000.pdf