On energy, even the NYT acknowledges that China got it right

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Shutting down universities, shortening workweeks, enforcing power rationing...these measures are becoming increasingly common as tensions in the Middle East continue to spill over. Oil prices have surged, and global energy markets are once again on edge. In response to these shocks, some countries have been forced to adopt severe belt-tightening measures, while others appear far more composed. What explains this contrast? A recent report by The New York Times offers a thought-provoking answer: While many economies are struggling to cope with the energy crisis, China, after decades of advancing energy diversification and investing in clean energy, has secured a rare "strategic buffer." This is not merely another episode of oil price volatility; it is a real-world lesson in energy security and national strategy. As global dynamics are once again shaped by resources and geopolitics, China's long-term planning is beginning to demonstrate its full strength.

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