China Economy Oil Solar Energy
Amid Trump-Iran Standoff at Hormuz, China Builds an Energy Escape Plan (AI-generated image) While global attention remains fixed on the Strait of Hormuz and the risks it poses to oil supply during every US-Iran flare-up, China is taking a more long-term, forward-looking approach to energy security. Instead of reacting to short-term disruptions in global oil markets, Beijing is investing heavily in a domestic power network designed to reduce its dependence on imported fuel altogether. At the centre of this strategy are state-backed utilities like State Grid Corporation of China and China Southern Power Grid, which are building what is increasingly…
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