Free Trial

MNI BRIEF: Reduce Energy Use Over Consumption - Ex Minister

MNI (Beijing)

China must ensure the reduction of energy use among petrochemical and non-ferrous industries takes precedence over lowering total consumption, according to Miao Wei, former head at the Ministry of Industry and Information Technology (MIIT).

Speaking at the Sina 2024 Economic and Financial Annual Conference, Miao saind commentators have often incorrectly labelled these sectors as sunset industries, but their upgrade will benefit the wider manufacturing sector.

China’s demand for crude oil imports will increase marginally in 2024 from this year’s 11 million bpd as economic growth firms and the government adds infrastructure stimulus, but this poses little significant upside risk to world oil prices, a leading China energy expert recently told MNI. (See MNI INTERVIEW: China 2024 Crude Oil Imports To Grow Marginally)

MNI Beijing Bureau |
MNI Beijing Bureau |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.