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Show 1 7 tons a year, down from a peak of million in 1979 106 The Salt Lake Tribune, Sunday, October 17, 1982 Chinas Energy Plan Sets Stage for Sino U.S. Business Rv Christopher S Wren New York Times Writer - iEKINC lliina'b plans to double its energy output by the end nl the century to sustain its modernization drive provide the most substantial potential here vet for American business. Ventures in oil, coal and hydro-powe- r are moving American investment into a new phase that could provide u substantial base not Just lor bilateral trade, but also for the broader rela- (.'hinese-America- tionship, which has been buffeted by disagreements ov er the status of Taiw an. While Peking has shifted politically toward a position of equi distance between Washington and Moscow, it continues to look to the United States for technology that the Sov let Union does not have. Last year, China's trade with the United States run $5.5 billion, about 25 times larger than Chinas trade with the Soviet Union Economic, Trade Ties "There will be a big takeoff in Sino-S. economic and trade relations until the end of the century," predicted Eugene K. Lawson, Deputy Assistant Secretary of Commerce for Past Asia and the Pacific, alter recent meetings here with Chinese officials. 'Its longterm and big bucks It will supply the cement and glue of the " Insufficient energy has hampered China's industrialization. F actories operated at only 71) percent to 80 percent of capacity in 1980 for lack of power. Lnergy has also been wasted or lost in inefficient furnaces. Recent conservation measures have trimmed national consumption slightly, saving 910,000 tons of coal in the first eight months of this year. Waste Extremely Serious' "Energy shortage and the strain on transport are major checks on Chinas economic development at present," said Chinas party chief, llu Yaobang, in a major report to the 12th party congress last month. Growth in energy has slowed somewhat in the past few years. while wusle remains extremely serious called for "necessary capital construction projects" in energy and other fields to help China achieve its goul of quadrupling its gross domestic product hy 2000 Hu Production Stagnant A deputy minister of the state , planning commission, Fang said in an interview last month that China planned to double its energy output by 2000, He mentioned preparations under way to expand coal mines, step up oil exploration and develop latent hydropower in the upper reaches o! the Yellow, and tributaries Weiz-hong- Yangtze and Hongshui rivers The Workers Daily has reported that China's power industry met its target, producing 2J9 billion kilowatt hours this year by Sept. 28, despite a shortage of fuei But Li K'ding. a chief engineer for the Ministry of Water Conservancy and Power, told a conference last month that the output of electricity must increase by more than fu billion kilowatts a year; the current rise is only 2 billion. third-quarte- r Double Energy Output Although China is ranked about seventh in worldwide oil output, onshore production has stagnated at just over loo million The biggest potential reservoirs he along the continental shelf, especially in the southern Yellow Sea and the South China Sea. Paul Kavesies, president of Atlantic Richfield's international oil and gas company, has described it as "the longest unexplored virgin coastline in the world " Last mouth, Arco became the first American oil company to be awarded drilling rights in Chinese waters, in a joint venture with Santa Pc International. Another 18 American oil concerns are among the till companies that have submitted 1U2 proposals to drill offshore solutions D Demonstrates. Explains. Sells and Services Demonstrates: Explains: Our new facility offers you plenty of hunds-odisplay units, and with our private counseling rooms we can talk with and demonstrate APPLE'S fine features uninterrupted Our specialists know computers! We can explain the many ways an APPLE computer can help you in your business and home applications. (prrputer solutions 1984 South State - Upstairs w tappkz computer Authorized Dealer o 4 LIMITEDIOFFER Complete Apple Computer System, Including: 48K Apple II Plus Disk II with Controller Monitor III Apple Monitor Stand Apple Writer II Word Processing Software with Reference Manual USE YOUR INKLEYS CHARGE CARD! Inkleys will finance this Apple II Syjtem for you with approved credit. $300.00 down payment. 21 monthly payments of $105.00 APR-21r- r COMPUTER CLASSES! at Inkleys, every Thursday evening. Call us for details. Ph. 467-548- 2 (orriputgr solutions 9 a.m. to 6 p.m. to 6 p.m. a.m. 9 Sat., Mon.-Fri- ., CLOSED SUNDAY solutions DANKCAKDS WELCOME 1984 South State - Upstairs -- frtcipplc computer - Authorized Dealer WATCH FOR OUR GRAND OPENING AT OUR NEW DOWNTOWN LOCATION!!! |