chinese investments in oz res stks heats up , page-3

For booming mega economy like China their energy demand will only increase as China is home to 1.3 billion people and has the world’s fastest-growing economy, which relies upon coal for 80% of its energy needs. Compounding scarcity in China is the generally poorer quality of coal in existing Chinese deposits. And in spite of recessionary cutbacks in coal and manufacturing exports in general, China remains the world’s largest coal producer, as well as its largest consumer, accounting for a quarter of the world’s coal consumption. It’s for this reason that Rogers so correctly argues that there is a crisis coming. China is meeting demand today, barely, but with shortfalls expected to increase annually, any acquisitions completed today will barely cover tomorrow.