Geopolitical Conflict Impacts Energy Prices, China: No Obvious Impact

(CNA Reporter Lu Jiayong, Beijing, 16th) Mao Shengyong, Deputy Commissioner of China's National Bureau of Statistics, stated today at a press conference held by the State Council Information Office that affected by current geopolitical conflicts, international energy prices have surged significantly. However, China's energy resource supply is sufficient, stable, and orderly, and temporary price controls were implemented in a timely manner. Therefore, residents' daily lives and corporate production have not been noticeably affected.

The situation in the Middle East has impacted international energy prices, but Chinese officials claim that the lives of Chinese residents and businesses have not seen any obvious impact.

According to a report by mainland media The Paper, Mao Shengyong said that due to the impact of current geopolitical conflicts, international energy prices have risen sharply. Oil prices in some countries have skyrocketed, supply shortages have occurred, and production and life have been severely affected.

He noted that, in contrast, China has an abundant, stable, and orderly supply of energy resources, and it implemented temporary price controls in a timely manner, so residents' lives and corporate production were not noticeably affected.

Mao Shengyong claimed that this is due to the forward-looking layout and development of the new energy industry over the years, which has built a diversified energy supply system, greatly enhancing the autonomy and stability of the Chinese economy. (Editor: Zhou Huiying) 1150416

Choose to stand with facts; every sponsorship from you is the power to guard press freedom.

Download the CNA "First-hand News" APP to immediately grasp the latest news.

The text, images, audio, and video on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.