Volume 2(2013)

PAGE 12/15
Fig.7 Nuclear generation capacity

Unit gigawatts
Source : U.S. Energy Information Administration (2011)

Fig.8 Imports of oil
(Billions US$)

Sources) IMF, World Economic Outlook Database, April 2012

As mentioned above, the demand of major foods of China including wheat, corn, soybean, and beef is expected to exceed the domestic supply in the next 5 to 10 years, the term of office of Xi Jinping leadership. To satisfy the demand, the new leadership of China will naturally strengthen relations with major food exporting countries, promote the external investment in food exporting countries by state enterprises, and thus increase food import.

From the world's perspective, the country where the expansion of food consumption is expected is not only China. Food demand is expected to expand also in developing and emerging countries such as India and Eastern European countries, associated with rising income levels, etc. In addition, it is also expected that the demand of agricultural products expands as the raw materials of biofuels.

However, fortunately, as the major food exporting countries have room to expand production, it is unlikely that the supply and demand of food in the world get stringent for the next 5 to 10 years.

On the other hand, the expanding pace of energy consumption in China is exceptionally high in the world. To satisfy the energy demand, China is highly likely to continue to act aggressively in the EAST and South China Sea to secure marine resources. Meanwhile, it is also thought that China continues to develop resource diplomacy vigorously with African and anti-U.S. Middle East countries where the U.S., EU, or Japan has placed less significance on as supply centers of energy resources.