As the world's second largest energy producer and consumer, China attaches great importance to energy issues. China's energy policy in the next five years includes many aspects.

First, energy saving is on the top of its list. China highly values energy conservation by insisting on both exploiting new energy resources and cutting spending with energy saving in the first place. China has made significant progresses in terms of energy saving. The energy consumption of per 10,000 GDP in 2005 was 45% lower than that in 1990. We will rely on technology and take advantage of market mechanisms and economic leverage to enhance the ability to conserve energy and comprehensively promote energy conservation and efficient use.

Second, energy conservation should be based on domestic market. Over the years, our primary energy self-sufficiency rate has remained above 90%. Taking into account the characteristics of our own resources and the stability of the international energy market, China's energy development will be based on domestic market. As a coal-dominated country, China's domestic energy supply potential is huge.