China has been preparing for a global energy crisis for years. It is paying off now
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China has been preparing for a potential global energy crisis for years, a strategy that is now proving beneficial. President Xi Jinping emphasized securing China's energy supply domestically as early as 2021. Amidst escalating conflict in the Middle East, particularly the US-Israel war on Iran, vital energy infrastructure and trade routes like the Strait of Hormuz are threatened. Unlike other Asian economies struggling to conserve energy, China possesses substantial oil and gas reserves, alongside alternative energy sources such as wind and solar power, positioning it favorably during this period of instability. The country's foresight allows it to navigate the crisis with greater energy security.
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