Energy around the world has become a lot more varied over the past few centuries. Only 100 years ago, wood and coal were the only two sources. Fast forward to today, and the global energy picture is much more diverse.
China relies heavily on coal-at over 70% of the nation's energy consumption-and petroleum to power its supercharged economic growth. It has plenty of the former (by far the world's largest producer*) and now has to import nearly 50% of the latter. Coalbed methane constitutes a significant, comparatively untapped resource that is only now seeing serious attention.
China has been relying heavily on coal (over 70% of domestic energy consumption) and petroleum for energy to maintain its supercharged economic growth - it has plenty of the former and now has to import nearly 50% of the latter. Underutilized methane gas holds great promise.
Being the most populous country in the world, agriculture has always been a top priority in China historically and today. The latest developments show both positives and negatives-for China and the world.
Spot prices of corn in China have lingered at high levels in the first half of July, as dealers refrained from selling off stocks in anticipation of higher prices, according to a report released by the Jilin Corn Center Market.
When the peak summer consumption season comes and industrial production in the region resumes, thermal power plants will be under heavy pressure to generate electricity, which could lead to higher coal prices.
China's two dominant gas producers say the country saw a reduction in daily production of as much as 13.2 million cubic metres of natural gas, although 2.8 million cubic metres of output had been restored as of yesterday.
Zinc production has completely halted at more than 10 zinc smelters in Sichuan Province's Deyang, Hanyuan and Ganzi regions, as well as in nearby southern regions of Shaanxi Province and Gansu Province.