The rise and fall of Chinese oil production in the 1980s

摘要: Abstract Projections of Chinese oil production have vacillated between over-optimism and inordinate pessimism during the past 15 years. In mid-1970s, China was hailed as a potential giant, with prospects producing 329 million tonnes by 1985. By early 1980s, when output stagnant, many analysts predicted that there would be no growth in till mid-1980s, country might to start importing some time 1980s. But after stagnating for five years 1979–1983, started grow again 1984, maintaining fairly high rate ensuing three This article analyses factors led stagnation 1979–1983 causes leading resumption starting from 1984. A glimpse into future 1990s is also taken.