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Global Business News

The Economic Times

Global Business / The Economic Times

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China imports the most energy, but is best placed on Iran

China's large energy reserves offer protection against rising global oil and gas prices. The nation's refiners may profit from increased exports of refined products. China also benefits from discounted Russian and potential Iranian crude. Domestic price controls shield consumers from inflation. Similar advantages exist for coal and LNG imports, ensuring stable domestic supply.

3 Mar 2026 7:02 pm