China's Economic Policy Impact on the United States

Intro -- CHINA'S ECONOMIC POLICY IMPACT ON THE UNITED STATES -- CHINA'S ECONOMIC POLICY IMPACT ON THE UNITED STATES -- CONTENTS -- PREFACE -- Chapter 1 CHINA'S GROWING DEMAND FOR OIL AND ITS IMPACT ON U.S. PETROLEUM MARKETS* -- REASONS FOR CHINA'S GROWING DEMAND FOR PETROLEUM -- TWO SCENARIOS OF FUTURE DEMAND GROWTH IN CHINA -- CONSEQUENCES OF SLOWER AND FASTER GROWTH IN DEMAND -- CHINA'S TOTAL PETROLEUM USE -- A SHIFT IN DEMAND TOWARD LIGHT PETROLEUM PRODUCTS -- KEY DETERMINANTS OF MOTOR FUEL USE -- THE CHANGING STRUCTURE OF THE CHINESE OIL INDUSTRY -- GOVERNMENT PROGRAMS THAT AFFECT THE DEMAND FOR PETROLEUM -- Environmental Regulation -- Fuel Economy Standards -- Price Controls -- Energy Taxes -- SCENARIOS OF FUTURE DEMAND GROWTH IN CHINA -- MAJOR OIL MARKET FORECASTS -- THE CASE FOR SLOWER GROWTH IN DEMAND -- Demand Response to High Oil Prices -- Reversal of Some Temporary Demand -- Government Efforts to Restrict Consumer Credit and New Car Sales -- New Fuel Economy Standards and Easing of Limits on Small Car Use -- Possible Future Increases in Fuel Taxes -- THE CASE FOR FASTER GROWTH IN DEMAND -- Income Growth -- Migration to the Cities -- The Growing Vehicle Stock -- CONSEQUENCES FOR MOTOR FUEL MARKETS IN THE UNITED STATES -- GENERAL CONSEQUENCES FOR PRICES AND PRICE VOLATILITY -- Crude Oil Prices and Costs of Refining -- Price Volatility -- THE IMPACT OF RISING TOTAL OIL DEMAND ON WORLDWIDE CRUDE OIL PRICES -- THE IMPACT OF INCREASING DEMAND FOR LIGHT PRODUCTS ON THE COSTS OF REFINING PETROLEUM -- OTHER INFLUENCES ON COSTS TO REFINE OIL -- IMPLICATIONS FOR POLICIES AFFECTING INVESTMENT IN U.S. REFINERIES -- APPENDIX A DETAILED TABLES -- Chapter 2 U.S.-CHINA TRADE: USTR'S CHINA COMPLIANCE REPORTS AND PLANS COULD BE IMPROVED* -- GAO HIGHLIGHTS -- Why GAO Did This Study -- What GAO Recommends -- WHAT GAO FOUND -- ABBREVIATIONS.