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- China has reduced its dependency on oil-exporting nations by building massive strategic petroleum reserves and expanding its domestic refining capabilities.
- By investing heavily in electric vehicles, solar power, and high-speed rail, the country has successfully lowered its overall oil demand.
- These strategic shifts allow China to influence global oil prices by controlling its import volumes, effectively using fuel availability as a diplomatic tool.
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Named China · Saudi Arabia · United States · Iran · Vietnam · Philippines · Australia · International Energy Agency
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