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It's not market demand. The government is ordering the construction of solar and wind farms without regard to the market demand or to the citizens residing in t
by gamblor956 10mo ago
It's not market demand. The government is ordering the construction of solar and wind farms without regard to the market demand or to the citizens residing in the locations where the solar farms and wind farms are to be built.
That's the exact opposite of democracy and capitalism.
- phatfish 10mo agoIt's a rational way to deal with their energy needs, reduce pollution and their impact on the climate. They have small gas and oil reserves if I remember. Unfortunately, if they were sitting on Venezuela or Russian style reserves or oil/gas the story might be different. But unlike Europe, the Chinese can see that being beholden to foreign states to keep the lights on is asking for trouble. They seem to have avoided the ideology the big fossil fuel companies push in the west to make fossil vs green a political/class discussion, not a rational one. Rationally it makes most sense for a nation to generate their energy needs in a way they control with wind/solar/nuclear.
- bryanlarsen 10mo agoIt's not small -- China is the world's 4th largest oil producer. They domestically produce about 75% of their demand.
- Gathering6678 10mo agoThis number is wrong. Instead, ~70-75%[0] of China's oil demand is met by importing. [0]: "2024年，中国...石油对外依存度71.9%，同比下降0.5个百分点。" (In 2024, China's ... dependence on foreign oil was 71.9%, a year-on-year decrease of 0.5 percentage points.)(https://finance.sina.cn/2025-01-24/detail-inefzsek2941040.d.html https://finance.sina.cn/2025-01-24/detail-inefzsek2941040.d....)