Republican senators had just said, "This is China's nightmare," when The Washington Post poured cold water on it: Don't dream, China is the least afraid of this!
After two weeks of war, oil prices broke 120, Europe was frantic searching for gas around the world, and India was begging to let oil tankers pass. Republicans were excited: Now China must be panicked, right?
The Washington Post directly refuted this on March 13: Those who say this is a nightmare for China may be living in wishful thinking. Over the years, Beijing has stockpiled oil, vigorously promoted electric vehicles, and heavily invested in coal, photovoltaics, and energy storage, turning itself into a power kingdom!
Electric vehicle ownership accounts for half of the global total, saving 3 million barrels of oil a day. Last year, new photovoltaic installations reached 27.7 gigawatts, more than all other countries combined! Strategic reserves are enough for 120 days, exceeding the International Energy Agency's requirement of 90 days by one month! More importantly, coal power. China holds the world's largest coal power plant capacity, which can step in at critical moments.
So, what does this war mean for China? In the short term, inflation pressure and rising costs are unavoidable. But in the long run, energy transition and strategic reserves are turning the impact into a buffer!
The word "nightmare" will only appear in others' dreams, not on China!
Original article: toutiao.com/article/1859615131964615/
Statement: This article represents the views of the author.