| Home | News| Living in China| MMS | SMS | About us | Contact us|
 Language Tips > Business news
Updated: 2005-02-18 11:05
China emerges as global consumer



China emerges as global consumer
China has "eclipsed" the US as a consumer nation

China has overtaken the US in the consumption of basic agricultural and industrial goods, a survey has found.

With a booming economy and 1.3bn people, it is now the world's largest consumer of grain, meat, coal and steel, said the Earth Policy Institute.

But China's insatiable demands are putting ever more pressure on the country's natural resources.

Air and water pollution are already serious problems, and there is talk of a looming ecological crisis.

China is well ahead of the US in the consumption of goods such as television sets, refrigerators and mobile phones, according to the Washington-based Earth Policy Institute.

However, per capita consumption in China - the world's most populous country - remains far below that of the US.

According to the report:

64m tons of meat were consumed in China in 2004 compared to 38m tons in the US

258m tons of steel were used in China in 2003 compared to 104m in the US

China's factories and homes burned 40% more coal than in the US

The number of PCs in China is doubling every 28 months.

The latest official figures for the Chinese economy, the sixth-largest in the world, show it is growing at an even faster rate than expected.

It expanded by 9.5% in 2004, its highest rate for eight years, the figures show.

"China's eclipse of the United States as a consumer nation should be seen as another milestone along the path of its evolution as a world economic leader," Lester Brown, the institute's president, said.

"China is no longer just a developing country," he said. "It is an emerging economic superpower, one that is writing economic history".




insatiable : impossible to satiate or satisfy(无法满足的)

eclipse: the loss of fame, power or success(丧失,黯然失色)


Go to Other Sections
Story Tools
Related Stories
· Profits up across HP's businesses
· Tourist festival spending up 8.1%
· US Retail sales dip in January
Copyright by chinadaily.com.cn. All rights reserved

None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited.