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China Diversifies Energy Imports: Stops Buying U.S. Oil
As China focuses on modernizing its energy infrastructure in the transition away from coal towards renewable energy sources, it still also relies on oil imports for energy security. [China leads the world in wind capacity (65%), solar capacity (60%) and hydropower (31%). China is second globally after the U.S. in nuclear power generation (13.5%)]. The U.S. Congress has introduced legislation prohibiting China from purchasing oil from the U.S. Strategic Petroleum […]