Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference of the State Council Information Office recently that affected by ongoing geopolitical conflicts, international energy prices have risen sharply. In some countries, oil prices have surged and supplies have run short, severely impacting production and daily life. In contrast, energy and resource supplies in China have remained stable and orderly. With the timely implementation of temporary price controls, people’s lives and corporate production have not been affected. Energy supply for production and daily life has been sufficient and reliably guaranteed. This is attributable to China’s forward-looking layout and development of the new energy industry over the years, as well as the establishment of a diversified energy supply system, which has greatly enhanced the autonomy and stability of China’s economy.

At present, oil accounts for less than 20% of China’s total energy consumption, while coal plays a stronger role as a fundamental guarantee, making up more than 50%. In recent years, new energy sources such as wind and solar power have developed rapidly, and the share of non-fossil energy consumption has risen. As a result, fluctuations in the international crude oil market have had generally limited impact on China’s market.