China has been preparing for a global energy crisis for years. It is paying off now

2026-03-20 - 01:39

As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar Middle East crisis – live updates Xi Jinping has been preparing for a crisis like this for years. China must secure its energy supply “in its own hands”, its president was reported to have said during a visit to one of its vast oilfields in 2021. The US-Israel war on Iran plunged the Middle East into a deep conflict, with the strait of Hormuz – one of the most important waterways in global trade – all but closed and key energy facilities across the region under attack. Continue reading...