FM calls for US, N.Korea flexibility in nuclear talks
(Xinhua)
Updated: 2005-03-06 10:21

China's energy import exerts limited impact on global oil price

China, both an energy consumer and producer, should not be responsible for the world's rising oil prices, Li said.

"Although China's energy import has increased a little bit over the past two years, its import only accounts for approximately 6 percent of the world's total traded oil," he said.

It's true that China's energy demand has increased to certain extent as the country's economy has been growing rapidly in recent years, he said, but the demand is mainly to be met domestically, he said.

Besides, he added, there is a big potential of saving energy and improving the use of energy efficiency in China's domestic energy supply.

Therefore, the media criticism saying that China is a major impact on the world's oil price is "groundless", he said.

EU arms embargo "obsolete, useless, harmful"

The foreign minister called the European Union's arms embargo on China "obsolete, useless and harmful".

The embargo does not comply with the all-round strategic cooperative partnership between China and the European Union, he said.

China adheres to the road of peace and development and does not need to buy a lot of advanced weaponry from the EU, he said.

"China is also a developing country, " added he. As a matter of fact, we do not have the money to buy so expensive and useless weapons."

Li Zhaoxing said what China opposes is political discrimination.

Li made the remarks in reply to a German journalist, who said whether the anti-secession law to be submitted to the National People's Congress for approval would affect to some extent the EU arms embargo.

"It is an unfounded worry," Li said.

The law conforms to the peace and stability in the Asian- Pacific region and even the world at large, so it will definitely receive more and more understanding and support in the international community, he acknowledged.

Li said the law is aimed to prevent the "Taiwan independence" secessionist forces from taking reckless efforts and embodies the mainland's utmost sincerity on peaceful reunification and protection of China's sovereignty and territorial integrity.

"It is in the interests of the Chinese people and nation," the foreign minister said.

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