Doesn China have access to oil reserves in Central Asia and the South China Sea region that can supply more oil and lessen its need to conserve fuel?
Tong: China is a huge net importer of oil. Regardless of what reserves they have, they are importing tremendous amounts of oil, and their projections of what they’ll be needing are enormous as well. .. The Chinese people know they are at the beginning of a new era. Growth prospects are enormous, with China leapfrogging Japan last year as the second-largest oil-importing country. They know they have to be fuel efficient.