China's super-American is the largest oil importer

Abstract According to preliminary figures released this week, China has surpassed the US as the world's largest net importer of oil, which since 1972 has been to occupy this position. China's oil imports reached its peak in winter. Although the total amount of crude oil imports in the United States is still much larger (the United States exports refined oil products...
According to preliminary figures released this week, China has surpassed the United States to become the world's largest net importer of oil, which has been occupying this position since 1972.

China's oil imports reached its peak in winter. Although the total US crude oil imports are still much larger (the United States exports more refined oil). But this year or next year, China will obviously enter a continuous lead. Americans may not want to be in the second place in any way, but this news actually confirms that the United States is better than China in terms of energy models. The United States continues to adopt new technologies and its approach is increasingly environmentally friendly. For China, it is not a matter of pride to increase the weight of the world oil market. On the contrary, it should cause concern. The increased dependence on energy imports is not to make them stronger, but to make China vulnerable to factors other than its own control.

In any case, this is the latest in a series of milestones in the rise of the Central Kingdom’s economy. China's growth is the single biggest factor in the record of oil prices in the past 10 years. This has brought a series of geopolitical consequences: the economic prosperity of the Persian Gulf countries, the rise of authoritarian leaders from Putin to Chavez, rising food and fuel prices in developed countries, and breakthroughs in promoting new energy technologies.

China's strategic procurement has little to do with improving its energy security, and it has also been involved in foreign political issues. Beijing once provided support for Khartoum, but after South Sudan’s independence, China’s oil delivery suffered setbacks. China is arguing with some neighboring countries for the oil-rich islands of the East China Sea and the South China Sea, prompting them to turn to the United States for protection.

Can China repeat the (energy) success of the United States? It is believed that there are huge shale gas resources in China, and it has set stricter fuel consumption standards than the United States, and develops electric vehicles and renewable energy. But Beijing still has a long way to go.

Energy is a blessing and a curse. Beijing may find that the way energy will force its contacts with its own people and the rest of the world to change profoundly.

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