Translation Category: Energy
Zha Daojiong, a professor at Peking University, casts doubt on Venezuela’s significance in the international oil market, noting that not only has Venezuela’s daily crude oil output declined severely over the past three decades, but its claims of oil reserves are also viewed with skepticism within the industry. Zha argues that by strengthening energy cooperation with China, Venezuela can reduce its reliance on the U.S. oil market and “promote the diversification” of its foreign investment. To promote stable China-Venezuela energy cooperation amid the challenging operating environment in Venezuela, Zha urges Chinese companies should utilize existing arbitration mechanisms to protect their interests.
This is one of six pieces published by the journal of Contemporary International Relations following an academic seminar titled “U.S. Military Action Against Venezuela and Its Impacts.” The other five pieces are also available on the Interpret: China platform. The journal is published by the China Institutes of Contemporary International Relations (CICIR), a Chinese think tank affiliated with the Ministry of State Security.
Zhao Hongtu, a researcher at China Institutes of Contemporary International Relations, which is a bureau of the Ministry of State Security, argues that oil was “a medium” of U.S. military action in Venezuela rather than its ultimate objective, serving as an instrument through which President Trump could establish control over Venezuela. Zhao reasons that the U.S. operation sought to achieve both domestic and international aims. He anticipates the United States will be able to import more Venezuelan oil in the short-term, but argues that over the longer term, economic, political and historical factors will constrain the country’s capacity for oil production.
This is one of six pieces published by the journal of Contemporary International Relations following an academic seminar titled “U.S. Military Action Against Venezuela and Its Impacts.” The other five pieces are also available on the Interpret: China platform. The journal is published by the China Institutes of Contemporary International Relations (CICIR), a Chinese think tank affiliated with the Ministry of State Security.
The CCP Politburo holds “collective study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The 12th collective study session of the 20th Central Committee Politburo was held on February 29, 2024 and was presided over by Xi Jinping. At this session, Xi delivered a speech emphasizing the need to improve China’s energy security through the development and deployment of clean energy technologies. These efforts will enable China, Xi posits, to achieve sustainable growth at home and become a leader in combating climate change globally.
This excerpt from a lengthy news report, written in April 2022, examines the global energy market amid the Russia-Ukraine war and takeaways for China. The author suggests that “although the Russia-Ukraine conflict is far from Asia, the global energy market is unitary in nature.” He argues that high oil prices are a “further warning of the importance of diversifying energy supplies for energy security.”
A senior economist from the state-owned Sinochem conglomerate argues that in face of what he sees as an increasingly unstable geopolitical situation, China should increase its investments in renewable energy.
The National Energy Administration calls for strengthening energy reserves and preparing China’s energy sector to transition to more non-fossil energy sources. These Opinions are disseminated to all relevant provincial-level agencies to guide and help implement energy policies throughout the year.
In this article appearing in the state-backed The Paper (澎湃), several experts offer opinions on how the recently announced “Opinions on Accelerating the Construction of a National Unified Market” will impact energy supply and costs.
The chief economist at a state-owned energy investment firm argues that in the wake of Russia’s invasion of Ukraine, China must diversify its energy sources, increase its energy independence, and promote the use of the RMB for pricing and settling international energy transactions.