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A diplomatic balancing act
HOME > PAST ISSUE > PERSPECTIVE [Premium content]April 2006
When it comes to satisfying China's rising energy demands, all roads lead to the Gulf - and this has left Beijing playing to both sides in the Iran nuclear debate.
The announcement on the sidelines of the National People's Congress (NPC) that China would start to fill its new strategic oil facilities later this year was a timely reminder of the precarious balance of supply and demand in the global oil market. The plan is that over the next 10 years China will build a strategic stockpile of six months' consumption. Meanwhile, it will be exposed to the dangers of global energy upheavals, especially in the Middle East.
China has good reason ...
China has good reason ...
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