Translation Category: Energy
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.