Because of the recent rise of oil price, many Chinese have postponed or even canceled their plan to purchase a car, and for the same reason, the production costs of machinery and iron and steel sectors also underwent a rocketing growth, according to China Daily on June 20 as quoting a report from Xinhua News Agency. The latest statistics from China's National Bureau of Statistics showed that China altogether produced 1.603 billion tons of standard coal last year, up 11 percent over the previous year, but energy supply was still insufficient. From January to April this year, 24 provinces in China were forced to impose restrictions on electricity supply, and during the first quarter of the year, China had to imported 30 million tons of crude oil, which led to 8 billion US dollars trade deficit.
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