Energy – Long Yongtu denies crisis

 

Former chief negotiator of China accession into the WTO Long Yongtu has brushed aside the idea of an upcoming energy crisis, triggered off by China fast economic growth and its inefficient way of dealing with energy. Economist Wu Jinglian warned only a few weeks ago that China’s economic growth would be unsustainable unless it would improve the way it is uses its energy now.

Long Yongtu noted that the energy resources are far from being sparse, let alone modern science and technology are promoting new types of energy resources, on Saturday in Teheran, according to state-news agency Xinhua.