The rapid economic growth of the People's Republic of China has fueled a demand for energy that has now outstripped domestic sources of supply. As a result, China can no longer sustain its economic expansion without importing massive quantities of energy. To compensate for the projected underproduction of domestic energy sources as well as further increases in anticipated energy consumption, the Chinese government has pursued a subtle energy security strategy that includes three major components: first, reforming the domestic energy sector to maximize production and attract foreign direct investment; second, expanding China's energy mix to reduce the nation's dependency on fossil fuels and contain pollution; and third, diversifying sources of foreign energy to limit dependence on any single country or region.
Beijing's ambitious "energy diplomacy," which has kept Chinese diplomats engaged throughout the globe, has thus far proven successful in achieving these three pillars. But in the process, the PRC has caused alarm among other countries, who worry that Beijing's vision of a zero-sum world energy game could threaten their own energy security. And for a PRC government that has always sought to limit its dependence on foreigners, the country's growing reliance on external energy sources presents a major economic, political and diplomatic challenge. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Global Insights: When it Comes to Nonproliferation, China Has Been a ‘Free Rider’
- Ukraine Crisis Torpedoes Russia-Japan Rapprochement
- BRICS Bank Will Bolster, Not Challenge, Global Financial System
- World Citizen: In South Korea, Ferry Disaster Still Claiming Victims
- Global Insights: China Advances on Missile Defense, With Eye on Dissuading Rivals