You are on page 1of 2

As production of diesel oil, mainly used in the infrastructure projects , road transport -related import and export goods

, the level of consumption and GDP are closely linked . 2014 , if GDP slows further , it will cause the domestic diesel consumption level impact of this transition year , that the formation of the first negative growth in diesel consumption . In the recently concluded Central Economic Work Conference , though not explicitly forecast GDP target in 2014 , but GDP is proposed to maintain a "reasonable growth" concept. By combing the past few years the economic growth rate of government leaders repeatedly expressed , there is reason to believe that the growth rate of 7.5% is likely to be a period of time , a consideration of the potential growth of both , but also takes into account the factors of production and resources and the environment force to withstand the default value . Under the " reasonable growth " concept, the default target of GDP in 2014 is likely to remain 7.5%. Although GDP target is only the default, but the situation from the past two years to see the value of the actual completion of GDP , GDP gap between the completion of the default value of GDP between the values tend to shrink . The default value of future GDP has more than just a guide intended target , but have practical significance. Concern is that when the actual completion of GDP was 7.5 % of diesel consumption will likely first negative growth . From the correspondence between the past two years, with GDP growth of diesel consumption between watching , when the value of the actual completion of the GDP is still 7.7 to 7.8 percent range , domestic diesel consumption growth has dropped to near zero growth. If the value of the actual completion of GDP in 2014 to continue dropping to around 7.5% , then the diesel consumption will likely show a negative growth of 2.4% . Compared with 2013 , diesel consumption in 2014 will be reduced by 3.7 million tons . Diesel consumption recovery will largely depend on whether the GDP could rebound. At this stage , GDP want to get the rebound , still need the help of the government "control hand" , ie starting from the start to rebound the fastest GDP investment . The government only "control hand" Just when " preserving jobs " bottom line may be a breakthrough will be shot , this particular Premier Li Keqiang described as , " to ensure that the population of 10 million new jobs , the registered urban unemployment rate at 4 about % , 7.2% needed economic growth . " Visible only when GDP fell to 7.2% , and the impact of the " preserving jobs " Bottom line , the government "control hand" will once again force . As the first quarter of 2009 , when GDP fell to 6.6% , in order to prevent large-scale workers ' return tide "in the 4 trillion yuan investment scale , driven in just more than a year , GDP will rebounded to 12.1 percent from 6.6 percent . Current , GDP has seven consecutive quarters hovering near 7.7% level . This shows that the driver of GDP " Troika" --- investment, exports , domestic demand and their contribution to the GDP has been generally stable , under normal circumstances , GDP does not deviate from wandering two years of 7.7% in the axis far . Naturally, there is no particular problem , GDP fell 0.5% is impossible in the short term but below 7.2%.

Thus , in the case of government "control hand" is not shot , GDP will remain in the vicinity of 7.5 to 7.7% over a period of time , and this is exactly the range of GDP growth in diesel consumption , " freezing ", that diesel consumption at on the slightly negative growth and zero growth level . With the fall of GDP, China's oil consumption constitutes the most important varieties of diesel has been stopped high growth pace. However, this does not diminish the total crude oil processing continues to grow . In 2013 , an increase of 12% role in gasoline consumption , the national crude oil processing volume growth still reached 7%. This means that , once used in the production of transport diesel era leading Chinese oil consumption growth is gradually receded , in a private car with petrol leading Chinese oil consumption continues to grow era is quietly coming. OGEM Solids Control Blog http://chinesesolidscontrol.blogspot.com/ Drilling Solids Control http://www.ogemsolidscontrol.com/

You might also like