China has been preparing for a global energy crisis for years. It is paying off now

As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar

• Middle East crisis – live updates

Xi Jinping has been preparing for a crisis like this for years. China must secure its energy supply “in its own hands”, its president was reported to have said during a visit to one of its vast oilfields in 2021.

The US-Israel war on Iran plunged the Middle East into a deep conflict, with the strait of Hormuz – one of the most important waterways in global trade – all but closed and key energy facilities across the region under attack.