China’s Energy Policy: Flexible, but Unshakeable
... reasons of energy security). The third principle is creating conditions to ensure low prices on global energy markets. Finally, creating conditions for China to acquire assets in the oil and gas companies of foreign countries. In that connection, the US sanctions against Iran and Venezuela do not cause China serious concern, unlike the US’s escalating trade war with China itself, where conflicts in energy and related sectors might cause China to adjust at least its political decisions. So China remains flexible in its tactics while persevering in its strategy. Just sitting by the proverbial river, ...