China passed USA as Biggest Oil Importer in September 2013

Oct 10, 2013 16:12 IST

China passed USA to become world’s biggest oil importer in September 2013 as per the data released by US government in the first week of October 2013. It happened because of faster economic growth and strong auto sales. The United States consumes far more oil per person than China does. It has a population about one-third the size of China’s.

China’s economy is the world’s second largest. China has encouraged development of wind and solar power and use of autos powered by batteries or natural gas. However, gasoline still remains the country's main vehicle fuel in coming decades.

Until the late 1990s, China fulfilled its oil needs but the economic boom outstripped its production capacity. This compelled China to depend more heavily on imports, especially from Saudi Arabia and Iran.

Is this article important for exams ? Yes55 People Agreed
Read more Current Affairs on: China , USA , Oil importer

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK