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December 16 – China plans to produce non-fossil fuel energy in an amount equivalent to 480 million tons of coal between 2011 and 2015, according to a five-year plan on renewable energy.
December 15 – China used 383.6 billion kW hours of electricity in November, up 9.9% year on year, according to the National Energy Administration. Between January and November, power consumption by the primary sector was up 3.8% to 94.5 billion kW hours; power consumption by the secondary sector was up 12.1% to 3.21 trillion kW hours; power consumption by the service sector was up 13.7% to 465.8 billion kW hours; and civilian power consumption was up 10% to 516.7 billion kW hours.
December 8 – China will likely import 7.4 millions barrels of crude oil a day by the end of 2015, the National Development and Reform Commission predicted. Currently 55% of the nation's crude oil consumption comes from imports. The Commission also predicted China would import 90 billion m3 and consume 230 billion m3 of natural gas annually by the end of 2015.
December 8 – China's investment in the clean energy industry will amount to ¥5 trillion during the next 10 years, according to a report on the nation's development of low carbon emissions.
December 6 – China's investment in the renewable energy industry amounted to ¥300 billion in 2010, ranking first worldwide, according to the Fourth China International Forum on Green Development.
December 1 – China raised electricity prices for the first time in six months and said coal costs would be capped to encourage power plants to boost generation. Wholesale rates charged by coal-fired power plants increased by ¥0.02 per kW hour, and retail power prices increased by an average of ¥0.03 per kW hour, according to the National Development and Reform Commission.
November 22 – China's top five coal-fired electricity producers posted more than ¥60 billion in losses from 2008 through 2010, suggesting that an increase in electricity prices may soon occur.
November 21 – The output of China's petrochemical industry is expected to grow 10% annually to ¥16 trillion by the end of 2015, according to the China National Petroleum and Chemical Planning Institute. Output from the industry was valued at ¥8.88 trillion in 2010.
November 21 – The Chinese government will likely cap annual energy consumption at the equivalent of four billion tons of coal by 2015, according to a source close to the top policymakers.
November 16 – China's Ministry of Industry and Information Technology, Ministry of Commerce and National Development and Reform Commission are working on a plan to consolidate the nation's fragmented polycrystalline industry, according to a source from the Ministry of Industry and Information Technology.
November 15 – China consumed 379.7 billion kW hours of electricity in October, up 11.4% from a year ago, according to the National Energy Administration. During the first 10 months, power consumption rose 11.9% year on year to 3.9 trillion kW hours, where primary industries' consumption was up 4.4% to 87.2 billion kW hours, secondary industries' consumption was up 12.2% to 2.91 trillion kW hours, tertiary industries' consumption was up 13.6% to 425.2 billion kW hours and civilian consumption was up 10.1% to 473.7 billion kW hours.
November 11 – China increased its solar power electricity generation capacity target by 50% to 15 million kW by the end of 2015, said Dong Xiufen, the head of the renewable energy department of the National Energy Administration.
November 11 – China's annual energy consumption would total the equivalent of 3.8 billion tons of coal by the end of 2015 if its economy was to grow 7% annually, according to a report on the nation's low carbon development.
November 4 – China may allow its top three oil makers, PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857), Sinopec Corp (NYSE: SNP, SHA: 600028, HKG: 0386) and CNOOC Ltd (NYSE: CEO, HKG: 0883), to change prices on their own when international oil prices fluctuate within a preset range, a person familiar with the matter told the China Securities Journal. Currently, all fuel prices in the country are set by the central government.
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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