Hormuz crisis highlights China’s unique oil strategy
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Beijing charts its own course, cutting reliance on US energy and global coordination
An oil tanker at a terminal in China’s Zhejiang province. With about 70% of its petroleum needs met by imports, China views oil as vital to its energy security. (China Daily via Reuters)
TOKYO — The recent U.S.-China summit in Beijing, closely watched around the world, exposed a deepening disconnect between the two superpowers, particularly in the energy sector.
