Global Outlook | UK Media: Energy Transition Makes China More Resilient in the Face of Middle East Conflicts

Xinhua News Agency, London, March 31 — (Reporter Gao Wencheng) The British Financial Times recently published an opinion article stating that China’s long-term investment in clean technology and promotion of electrification transition have “a unique resilience” in the face of shocks from Middle Eastern conflicts. The article summary is as follows:

China values clean energy technology, has made significant investments in electrification, and has rapidly developed solar and wind energy projects, enabling it to better respond to rising international oil prices.

Goldman Sachs predicts that the diversification of energy structures, suppliers, and alternative routes bypassing the Gulf region mean that only about 6% of China’s overall energy consumption is directly exposed to the risk of Strait of Hormuz disruptions. At the same time, due to less impact from global energy price fluctuations, Chinese exporters will be more competitive.

Additionally, Chinese companies have outstanding manufacturing capabilities in key green technologies such as solar energy, batteries, and electric vehicle components. As market expectations for global renewable energy demand rise, many investors are buying Chinese green energy stocks.

China’s image as a more stable partner for other countries and regions has also been enhanced. The recent China Development Forum gathered dozens of global CEOs to showcase China’s reliability and supply chain. An exclusive survey by Morning Consult shows that China’s popularity is on the rise. (End)