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my country is a large consumer of diesel. At present, my country's diesel supply and demand are basically balanced. Consumption mainly relies on domestic production. Imported diesel accounts for a smaller proportion, mainly to make up for temporary shortages. in addition, * * Foreign-funded enterprises are given a certain amount of imported diesel quota every year, and this part of imported diesel generally does not enter the market. Internal supply and demand contradiction: The ratio of diesel and gasoline consumption is greater than the ratio of diesel and gasoline production. For a long time, the ratio of diesel and gasoline consumption in the domestic market has been greater than the ratio of diesel and gasoline production. However, with the development of my country's refining industry, diesel production continues to increase, and the diesel-to-gasoline ratio of refineries is increasing year by year, and the production ratio is getting closer to the demand ratio. In recent years, with the improvement of my country's crude oil processing capacity, my country's diesel production has also grown rapidly. From 1997 to 2006, the average annual growth rate of my country's diesel production reached 10.4%. Domestic diesel output exceeded 100 million tons for the first time in 2004. Although the growth rate slowed down in 2006 due to the restriction of diesel-gasoline ratio, it still increased by 5.5% year-on-year to 116.53 million tons. In 2006, the national crude oil processing volume increased by 6.3%, reaching 307 million tons, the gasoline production increased by 3.7%, reaching 53.913 million tons, the diesel-gasoline production ratio increased from 2.05 in 2005 to 2.08, and the diesel-gasoline consumption ratio decreased from 2.26 in 2005 to 2.22. The current situation of China's refined oil consumption structure is still that there is a surplus of gasoline and a shortage of diesel. Therefore, driven by demand, the growth rate of diesel production is higher than the average growth rate of gasoline, but the production growth rate is still restricted by the diesel-gasoline ratio. Limited by the production process and production equipment, the diesel-gasoline production ratio is rigid and has no potential for improvement. In order to meet diesel consumption, diesel must be produced in large quantities. However, the gasoline produced at the same time cannot be fully digested due to limited domestic consumption capacity and export capacity. Therefore, the growth rate of diesel production is subject to certain constraints. Import and export regulation: subject to import costs and * * Policies Generally speaking, my country's diesel imports are mainly affected by price (import cost) and policies (quotas and qualifications), while diesel exports are determined by the relationship between satisfying the domestic market and retaining the international market. In 2005, the cumulative diesel output of domestic refineries reached 110 million tons, a year-on-year increase of 9.5%. Coupled with the strong increase in international oil prices in 2005, the increase in domestic diesel prices seriously lagged behind, causing the price of diesel in the domestic market to be inverted with the price in the international market. Therefore, the domestic demand for imported diesel decreased significantly and the export volume soared. In 2006, my country's GDP maintained a rapid growth rate of more than 10%. The rapid development of the economy has allowed domestic transportation, agriculture and other industries to maintain a steady growth momentum in demand for diesel. However, the growth rate of domestic diesel production is only 5.5%. Coupled with the sharp decline in international oil prices in September and the lag in the decline of domestic diesel, diesel import profits have begun to end. As well as the reduction of diesel import tariffs from 6% to 2% starting from November 1, 2006, and the implementation of policies restricting the export of refined oil, my country's diesel imports surged and exports fell sharply throughout 2006. In 2006, my country imported a total of 705,000 tons of diesel, a sharp increase of 31.4% year-on-year, and exported a total of 776,000 tons of diesel, a sharp drop of 47.4% year-on-year. Future Market Forecast Judging from the import and export situation, starting from December 11, 2006, China's refined oil wholesale market will be liberalized, which will have a significant impact on the import and export of diesel. First of all, the two major state-owned companies, PetroChina and Sinopec, bear the social responsibility of ensuring the balance between supply and demand in the domestic refined oil market. When choosing the timing to import and export diesel, in addition to considering import costs and export profits, the domestic market supply and demand situation must also be considered. The newly promulgated "Measures for the Administration of Refined Oil" relaxed the qualifications for wholesale of refined oil. The "2007 Refined Oil Non-state Trade Import Allowance, Allocation Basis and Application Procedure" announced this year increased the allowable volume of refined oil non-state trade import by 15% to 9.26 million tons (including gasoline, aviation kerosene, diesel, naphtha, fuel oil, and wax oil). With the liberalization of the wholesale operation rights of refined oil, the import allowance of non-state-owned enterprises of refined oil will be expanded year by year. These new entrants will decide whether to import based on the import cost, which will have an impact on the import and export market of diesel to a certain extent. From the perspective of consumer demand, diesel consumption will continue to rise steadily in the coming period. The main consumption areas of diesel are transportation and agriculture, which account for more than 80% of total consumption. In recent years, the growth of highway transportation vehicles in my country has been the main driving force for the growth of diesel consumption. In 2006, my country's highways carried 18.44 billion passengers and 14.6 billion tons of freight, a year-on-year increase of 8.7% and 8.8% respectively, both reaching record highs. The growth rate of passenger and freight transportation will remain at a high level in the next few years, and automobile manufacturers are seeking ways to convert energy and launch diesel-fueled vehicles. The proportion of diesel vehicles will continue to increase, and diesel for transportation will continue to grow. As agricultural mechanization increases, agricultural vehicle diesel consumption will also maintain rapid growth. In addition, the construction of large-scale ports in my country's coastal areas is accelerating. In the future, my country will form a five-point layout of five port groups around the Bohai Sea, the Yangtze River Delta, the southeast coast, the Pearl River Delta, and the southwest coast. Oil consumption in the water transportation industry will increase significantly. Based on the analysis and prediction of the above factors, in the future, my country's diesel production will still be driven by demand and restricted by the ratio of diesel to gasoline. Diesel imports will be affected by the "Refined Oil Management Measures" and other related policies, while diesel exports will still be determined by the relationship between satisfying the domestic market and retaining the international market. It is expected that the elasticity coefficient of my country's diesel consumption will still be at a high level and will remain at approximately 0.8 in the near future. Diesel consumption in 2007 and 2010 was 125 million tons and 155 million tons respectively.