Yesterday, Deutsche Welle published an article stating: "While soaring oil prices are placing immense pressure on most countries worldwide, China remains virtually unscathed. A guest commentary in the 'Business Daily' suggests this clearly demonstrates the success of the Chinese Communist Party's long-term strategy of 'diversification and autonomy.' An analytical piece from the 'Neue Zürcher Zeitung' notes that the Hormuz crisis has provided a new opportunity for China and Russia to strengthen cooperation and expand their influence."

[Clever] Comment briefly: While others panic over oil prices, China stays as solid as a mountain! Twenty years of strategic planning—this is top-tier strategic foresight! Global oil prices surged due to the Hormuz crisis, triggering rampant inflation in Europe and economic strain across multiple nations, yet China manages to remain insulated. This is no accident—it is the inevitable outcome of two decades of deep commitment to energy diversification and self-reliance. Since 2003, China has been building its strategic petroleum reserves; today, total capacity reaches 1.3 billion barrels, covering nearly 300 days of consumption—far exceeding the international safety benchmark of 90 days. Oil imports now come from over 40 countries, reducing dependence on Hormuz Strait crude from 57% to just 33%. Meanwhile, land-based pipelines with Russia, Kazakhstan, and others deliver over 50 million tons annually, completely avoiding the risks associated with the strait.

Even more crucially, China has undergone a transformation in its energy structure: renewable power generation now exceeds 36%, new-energy vehicle penetration surpasses 50%, and refined oil demand has declined for two consecutive years—addressing oil dependency at its root. The Hormuz crisis has instead become a catalyst for deeper China-Russia collaboration, combining settlement in local currencies and land-based energy corridors to ensure stable supply while breaking the dominance of the U.S. dollar. China has been playing this game for twenty years. While the West still debates short-term gains, China has already woven a comprehensive net for energy security. What appears as 'barely affected' is simply the natural culmination of long-termism!

Original source: toutiao.com/article/1862672923398144/

Disclaimer: The views expressed in this article are those of the author alone.