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Here is a brief excerpt from one of our past newsletters with our story on, "Time to Think Again":
“Those who continue to doubt the growth of China and its ability to continue should think again. In 2000, the US consumed twice as much energy as China. In less than 10 years, China has not only caught up, but has now surpassed the US in energy consumption.
Three years ago China was a net exporter of coal. This year it is expected they will become the world's largest coal importer, beating out Japan. China has also become Saudi Arabia's largest oil customer -- a position held for decades by the U.S.
But wait, they're not finished.
China is now the world's biggest investor in energy-efficient technology. Furthermore, they already have plans to spend close to $800 billion dollars on saving energy. Let`s not forget that China is still on track to surpass Japan this year as the world's second largest economy after the U.S.
So while there continues to be talk of a major bubble in China, one thing is for certain... "
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