Global Outlook | Russian Media: China's Green Development Enhances Its Ability to Withstand Energy Market Crisis Shocks

Xinhua News Agency Moscow, April 8 (Liu Kai, Chen Jiyan) — Russia’s government newspaper, Rossiyskaya Gazeta, recently published an opinion article by Russian political analyst Bovt stating that China is accelerating its energy restructuring and new energy industry development, while adhering to green development to continuously enhance China’s ability to withstand the impact of crises in the oil and gas market. The article summary is as follows:

Against the backdrop of the global energy market being increasingly affected by geopolitical conflicts and fluctuations in oil and gas prices, China is focusing on a longer-term future, committed to promoting energy diversification and vigorously developing renewable energy sources such as wind and solar power.

China has built the world’s largest and fastest-growing renewable energy system, with renewable energy installed capacity accounting for about 60%. The construction speed of solar and wind power plants is very rapid. China is also continuously increasing investments in the power grid, energy storage, and other areas, further enhancing the capacity to absorb new energy and the stability of the power system.

China continues to maintain its leading position in the global electric vehicle sector. In China, the proportion of electric vehicles in new car sales is steadily increasing, with obvious market scale and price advantages, and various indicators far surpass those of Europe and America.

With the development of renewable energy, the popularization of electric vehicles, and the ongoing optimization of the energy structure, China will further enhance its ability to withstand shocks from the oil and gas market. (End)