24 Hrs
Source:
عربي21
China's Shift from Oil Importer to Energy Power
The article reveals that the war with Iran has marked a significant shift in China's stance in the global energy market, as it successfully managed supply disruptions through its previously devised strategies. Despite China's reliance on importing over 70% of its oil consumption, it utilized its vast reserves and diversified sources of supply, alongside expanding electric vehicles and domestic energy production. These measures allowed China to prevent major impacts from the oil supply crisis related to the war. Additionally, these preparations contributed to easing global price pressures, demonstrating that China has become more resilient to energy disruptions and less dependent on external control. This enhances China's position in the energy market and transforms it into an independent geopolitical power.
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