Discussion on Role of Energy Related Technology Transfer in the High Economic Growth Rate Period Based on Chinese Energy Demand and Supply Data

China has already become the second largest oil consumption country following the United States in the world. Furthermore the Chinese oil demand keeps increasing at the annual growth rate larger than ten %. The oil import dependence of China is forecasted to be 64.5% in 2020. It will be inevitable that China with rapid increase in demand and Japan with about 100% import rate of crude oil become competitors in energy secure field, especially oil. However, the future cooperation is expected in the areas of conservation of energy, new energy development and energy related environmental conservation. Because the energy related technologies such as desulfurization in the coal and oil combustion/conversion, coal liquefaction, energy conservation in the mining and manufacturing, traffic transportation and construction areas, the reduction of carbon dioxide emission, new and atomic energy development and so on are advanced fields of Japan and the related technologies and know-how are accumulated in Japan, not only the simple technology transfer to China, but also business opportunity for a Japanese enterprise will increase through cooperation in the above areas.