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China's New Five-Year Energy Plan Prioritizes Import Security and Domestic Supply Amid Geopolitical Risk
OilPrice.com·CN · IR·3 days ago
Data indicates that 21% of China's imports and 14% of its exports transited the Strait of Malacca in 2024, with nearly half of the strait's oil traffic destined for Chinese ports. This dependency highlights a critical vulnerability in Beijing's supply chain, driving ongoing efforts to develop alternative maritime and overland bypass routes.
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