Credit rating sector is a part and parcel of social credit system in a modern market economy.
The first three quarters saw rapid growth in energy production and demand. Prices, especially those of oil and coal, kept soaring. In the fourth quarter, increase rate in the demand for energy will drop, but prices will remain high.
In the first half of this year, energy production and demand continue to grow rapidly. Energy prices rise by a big margin.
Both energy production and consumption maintained rapid growth in the first quarter of 2004. In some areas, the supply of electricity was still short of demand; in coal market weak supply faced an excessive demand, and price rising was overwhelming.
In 2004, driven by a strong demand, the production of energy grew rapidly; the import of major energy products was increased significantly while export was reduced markedly.
By Deng Yusong, research fellow,Market Economy Institute, DRC, Report No 122, 2013 (Total 4371)