China’s energy strategy pays off: expertsAFP, BEIJINGChina’s long-term strategy of diversifying energy sources and building stockpiles is helping it weather disruptions from the Iran war, although some sectors still face major snags, analysts said. An oil tanker is docked at Qingdao Port in China’s eastern Shandong Province on Tuesday last week. However, so far Beijing has not been “in a rush” to initiate releases from its substantial strategic reserves, Xu said. However, their lax environmental standards, less predictable tax generation and competition with state-owned giants means that their shutting down is “not entirely bad news for China,” Xu said. The chemicals industry could also face “significant pressure” from the disruption, Oxford Institute for Energy Studies China energy research head Michal Meidan wrote in a report.

Source: Taipei Times April 12, 2026 17:13 UTC