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China’s 2014 GDP Consumed a Quarter of World’s Energy

Well-known Chinese news site Netease recently reported that, according to Li Yizhong, the former Minister of Industry and Information Technology, in 2014, China consumed 25 percent of the world’s energy in order to produce 13 percent of the world’s GDP. According to Li, the Chinese economy relied heavily on resource consumption. This has caused the large scale of environmental pollution which is too severe to sustain. Statistically, China’s unit GDP energy cost was twice as much as the rest of the world. Li called for optimization of resource planning and utilization, not only to reduce manufacturing energy costs, but also to bring the green environment back to the nation. Li made the comments at a summer economists’ forum held recently in Beijing.
Source: Netease, July 25, 2015