China will focus on Middle East energy, not politics
Keyword(s):
Significance A significant proportion of imports come from the Middle East, where security-driven supply risks -- and Saudi Arabia’s production restraint -- are also helping to drive up oil prices. The region is also an important staging post for the Belt and Road Initiative. Despite this, Beijing’s Middle East policy remains largely hands-off when it comes to political issues. Impacts China will avoid engaging in entrenched quarrels between Saudi Arabia and other regional energy producers. Traditional Western suppliers of arms to the Middle East will face increasing competition from China. Gulf instability would force China to seek more oil elsewhere and further boost its rapid development of renewables and electric vehicles.
Viewpoint – could the belt and road initiative be derailed? An analysis of impediments to completion
2020 ◽
Vol ahead-of-print
(ahead-of-print)
◽