China’s energy fortress was built to withstand just this type of oil shock
CNN reports: For more than a decade, leader Xi Jinping has overseen a transformation within the Chinese economy with one aim: making it energy-secure. Under that vision, China has unleashed a renewable energy revolution of wind, solar and hydropower, drilled ever deeper into oilfields offshore and on, and forged pacts with partners for more supply – all in a bid to cut the country’s reliance on imported fuel and insulate it against “external shocks.” Now, the historic oil crisis triggered…