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China energy security

China energy security
China must ensure an adequate supply of energy, including coal, gas and crude oil, to support its 1.4 billion people. According to the 14th five-year plan for 2021-25, China must supply more of its own energy needs by 2025, while advocating for larger domestic oil and gas production and clean energy cooperation with other countries, including the United States.
An Air China plane at Moscow’s Sheremetyevo Airport. Photo: Shutterstock
Aviation

Chinese airlines shed weight, add flights over Russia to trim fuel costs

Some carriers have even removed non-essential items like in-flight magazines from their planes.

US, Israel war on Iran

Strait of Hormuz crisis

War and conflict

Opinion | Iran war is changing East Asia’s energy and strategic plays

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Mainland China

Open Questions | Iran war to test China’s self-reliance, Goldman Sachs economist says

Andrew Tilton, Goldman’s chief Asia-Pacific economist, on Iran conflict’s impacts, why exports continue to drive China’s growth and an end to its housing slump.

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Illustration: Lau Ka-kuen
New Energy

Premier Li Qiang pushes AI-powered, next-gen energy system amid global shocks

Beijing is moving to modernise the power grid, putting innovation and flexibility at the heart of its strategy.

US, Israel war on Iran

Chinese airline regulator faces dilemma as Iran war sends fuel costs soaring

Pending announcement from regulator, two airlines reveal plans for sixfold increase in surcharges.

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Mainland China

Australia and Japan face jet fuel supply crunch as China cuts exports

Both Australia and Japan are heavily reliant on Chinese jet fuel, but shipments have plunged in recent weeks amid the Iran war.

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Qantas is already raising airfares as Australia faces a jet fuel supply crunch amid the US-Israel war on Iran. Photo: AFP
US, Israel war on Iran

Why spike in fertiliser prices could boost China’s political clout

Beijing could see its regional leverage grow as the Iran war hits supply, though weaponisation of exports is unlikely, analysts say.

China inflation

China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser

As US-Israel war with Iran sends prices up, a monetary expert says impact on China depends on conflict’s severity, while higher energy costs are worrying.

PetroChina

3 Chinese ships exit Strait of Hormuz as PetroChina stresses operations stable

PetroChina chairman addresses annual results conference as three Chinese vessels transit Strait of Hormuz and Iran passes law on transit fees.

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Cargo ships in the Persian Gulf, near the Strait of Hormuz, on March 11. Photo: Reuters
US, Israel war on Iran

How the Hormuz attacks stoke oil-shock fears and memories of 1970s stagflation

A timeline of past oil shocks is seen offering ‘clear lessons’ for today’s Strait of Hormuz crisis, with an eye on ripple effects and contingency tools.

Transport ships are seen anchored in Muscat, Oman’s port capital, on March 9, amid risks of travelling through the Strait of Hormuz due to the US-Israel conflict with Iran. Photo: Reuters
China's space programme

Opinion | Why China’s space-based solar power is the next frontier of green energy

As the race for orbital energy heats up, China’s ambitious plan to build solar stations in space could boost its strategic influence beyond our atmosphere.

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China trade

UK blocks China wind project on ‘national security’ amid tense business climate

The UK government cited security concerns but gave few details, leaving observers to question if geopolitical pressure shaped move.

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China economy

Opinion | As oil-shocked world turns to renewables, China will reap the rewards

The biggest losers will be the Middle East and the US, as oil becomes less important and doubts grow about US might.

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The Xianshuiwo photovoltaic power plant in the Yi-Hui-Miao autonomous county of Weining, in southwest China’s guizhou province, is seen on July 3, 2025. Photo: Xinhua
China trade

‘Demand shock’: why China cannot escape the impact of a prolonged Iran war

China’s economy is more resilient than most, but a decline in global demand sparked by the war would hurt Chinese exporters, analyst warns.

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The US-Israel war on Iran could reduce demand for fuel in Southeast Asia, indirectly hurting Chinese oil refineries. Photo: Getty Images
Yuan

How the Iran war could pave the way for the rise of China’s ‘petroyuan’

Disruptions from the war could accelerate a shift in the oil trade, threatening the US dollar’s long-held dominance, analysts say.

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China inflation

Video | Iran war sends Chinese costs soaring

Businesses contend with soaring energy, raw material and freight costs, while Chinese consumers queue at petrol stations amid price hike fears.

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China trade

China-owned vessel secures rare Strait of Hormuz transit as Iran war grinds on

China’s Cosco Shipping Lines has also reopened Middle East bookings, signalling a tentative return while warning instability may still disrupt services.

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The Strait of Hormuz, one of the world’s most critical oil shipping lanes, has been largely shut since late last month after multiple attacks on ships. Photo: Reuters
China manufacturing

Buying goods in China? Suppliers forced to scale back as Iran war bites

Some Chinese producers are already feeling ‘intense’ strain as the conflict sends energy, logistics and raw material costs soaring.

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US, Israel war on Iran

China EV makers gain as Iran war drives up fuel costs

Oil supply disruptions and higher fuel prices due to the closure of the Strait of Hormuz have bolstered the outlook for China’s world-leading electric-vehicle makers.

China exports

What does Iran war mean for China’s export machine?

Crisis sparks debate: will it cripple global demand or show that China’s supply-side resilience, proven during pandemic, remains in place?

A car carrier loaded with vehicles for export sets sail from Yantai Port in east China’s Shandong province on February 10. Photo: Xinhua
China manufacturing

China developing first tourist submersible for trips 1,000 metres under the sea

The Chinese prototype would enter commercial operation offering adventure-seeking holidaymakers spectacular deep-sea experiences by 2030.

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The U-Boat Worx Super Yacht Sub 3. Chinese engineers are now working on a prototype for the first tourist submersible able to venture as deep as 1,000 metres below sea level. Photo: Handout
War and conflict

Opinion | Another war, another trade chokepoint crisis. Who is hit the hardest?

Those with narrow trade structures are hit the hardest but those with broad networks of partners, such as China, tend to be more resilient.

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US, Israel war on Iran

China’s Russian oil imports spike in early 2026, but Iran war changes outlook

China’s need to bolster crude stockpiles amid rising geopolitical risks likely to have been a factor behind pre-war import surge, analyst says.

US, Israel war on Iran

Strait of Hormuz tensions rise as Iran reportedly charges ships for safe passage

Around 20,000 seafarers are still stuck in the Gulf as Tehran reportedly charges at least one tanker about US$2 million to pass through the strait.

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A liquefied petroleum gas tanker is anchored near the Strait of Hormuz, which remains almost entirely closed to shipping traffic amid the US-Israeli war on Iran. Photo: Photo: Reuters
China stock market

Chinese stocks shake laggard image amid oil shock as green transition pays off

China’s push into renewables helps shield its markets from the latest oil turmoil, with analysts pointing to limited downside risks.

An oil tanker is guided to a berth at a port in Qingdao, Shandong province. China has oil reserves of 1.3 billion barrels, enough for four months of supply, according to UBS Group and S&P Global. Photo: AFP
China-Asean relations

China offers to work with Southeast Asia to secure energy supplies

Conflict has also hit global fertiliser supplies, prompting Manila to seek assurances that Beijing would continue exports.

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US, Israel war on Iran

If the Iran war takes oil above US$120 a barrel, how bad could the shock get?

With major energy assets now coming under attack and the Strait of Hormuz still closed, analysts fear a longer supply shock.

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