Amidst the increasing tension in West Asia, where many countries are facing energy crisis, its impact on China is less visible compared to the rest of the world. The reason for this is that China was preparing itself for such a situation for many years. China is the world’s largest oil purchasing country, so if there is an interruption in oil supply, it should have suffered the most loss. But China has already stored a large amount of oil. Apart from this, China has shifted to electricity running system and is also making essential things from coal. China gradually changed its energy policy in such a way that it could face the global supply shock. The government increased investment in important sectors and made industrial strength a part of national security. Along with this, it has also worked rapidly on other methods of generating electricity, such as solar energy, wind energy and water generated electricity. For this reason, the demand for petrol and diesel in China is gradually decreasing. China strengthened factories and production. The Chinese government has long believed that a strong industry is the real strength of the country. Under this thinking, it has made its factories and production capacity so strong that it has to depend less on outside countries. Especially he paid more attention to those sectors which are strategically important for him. The government kept giving direct directions as to which areas were to be strengthened, so that China did not come under pressure from any Western country. Energy has been the most important part of this entire strategy. Till a few years ago, China was the largest market for petrol-diesel vehicles, but now it has become the largest market for electric vehicles. This means that a large number of vehicles there are now running on electricity instead of oil, thereby reducing the dependence on oil. Learned to make essential chemicals with the help of coal. In the 1990s, when China was building many factories, it had to depend on foreign companies to make chemicals. These are the same chemicals that are used to make plastics, rubber, metal parts and many other things. But now China has developed such technology by which it can make many essential chemicals, like methanol and synthetic ammonia, with the help of coal. This technology is not new, but Germany also used it during the Second World War. Now China can run its industry even without oil in this manner. Today a large part of the world is dependent on China for chemical supplies. For example, about three-quarters of the world’s polyester and nylon is made in China. Vietnam-Philippines sought help from China: Recently, when countries like Vietnam and Philippines faced energy crisis, they sought help from China. China also said it is ready to work with Southeast Asian countries on the issue of energy security. This thinking of China is not new. Around the year 2000, it began to worry that its oil was dependent on certain sea routes, such as the Malacca Strait. If there is any problem, the supply may stop. For this reason, China started creating emergency oil reserves in 2004 and now it is continuously increasing it. Still, China is not completely safe. Even today, about 75% of its oil needs are met by imports. But it has invested so much in electric vehicles and renewable energy that the demand for petrol and diesel has been declining for two consecutive years. Many experts believe that the demand for oil in China has now reached its peak and may decrease further. China increased the use of coal. Along with this, China has again increased the use of coal, especially for making chemicals. While in 2020 it used 155 million tonnes of coal for this purpose, it will increase to 276 million tonnes by 2024 and further increase in 2025. The government says this is a temporary measure until it goes completely on clean energy. But at present it is getting benefit from it, because the prices of oil and gas are increasing rapidly. For example, look at urea, which is used in making fertilizers. Its global prices have increased by more than 40%, but the price of urea made from coal in China is less than half the global rate. China is getting a big benefit from this. In fact, the ongoing tension between America and China for the last few years has also accelerated China’s desire to become self-reliant. The trade war and technological conflict that began during Trump’s first term made China realize that it had to strengthen its own control over its supply chains and resources. After this, China advanced its industry and technology rapidly. ——————————————— Also read this news… Shock to China due to Iran-Israel tension: War breaks out in the Middle East; China’s Rs 8 lakh crore is at stake, everything from desalination to tech projects is in danger. The ongoing war in the Middle East can prove dangerous for China. In fact, China has invested heavily in the Middle East. Also, this region is a big market for its steel, electric vehicles and solar panels. China got a cheap source of oil in the form of Iran. It also found governments across the region that were eager to learn from China in renewable energy and technology. Amidst all this, China became dependent on the supply of oil and gas from the Middle East. Read the full news…
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