countries in this new era. How China builds
international cooperation strategies and better
participates in global energy governance is not
only related to its own development but to that of
the world as well.
10.1 China’s Relations with Major
Energy Trade Partners
As China’s economic output increases, its
demand for energy grows as well. International
energy trade—an important way to meet energy
needs—plays an increasingly important role
globally. As China’s dependence on foreign
energy will not change in the short term, the
importance of its energy imports far outweighs
that of its exports. Energy trade will play a significant role for some time to come and be an
important driver for domestic economic growth.
Rising energy dependence means that the international energy landscape has more and more
impact on China’s economic growth and energy
security. China’s relations with its major energy
trading partners, including Russia, the Middle
East, Central Asia, the USA, ASEAN and Latin
America, are therefore crucial.
Fig. 51 Each international energy cooperation and governance opportunity placed within the spectrum of unilateral to
multilateral and policy-led to market-led approaches
Special Report 5: International Energy Cooperation and Governance
661
international cooperation strategies and better
participates in global energy governance is not
only related to its own development but to that of
the world as well.
10.1 China’s Relations with Major
Energy Trade Partners
As China’s economic output increases, its
demand for energy grows as well. International
energy trade—an important way to meet energy
needs—plays an increasingly important role
globally. As China’s dependence on foreign
energy will not change in the short term, the
importance of its energy imports far outweighs
that of its exports. Energy trade will play a significant role for some time to come and be an
important driver for domestic economic growth.
Rising energy dependence means that the international energy landscape has more and more
impact on China’s economic growth and energy
security. China’s relations with its major energy
trading partners, including Russia, the Middle
East, Central Asia, the USA, ASEAN and Latin
America, are therefore crucial.
Fig. 51 Each international energy cooperation and governance opportunity placed within the spectrum of unilateral to
multilateral and policy-led to market-led approaches
Special Report 5: International Energy Cooperation and Governance
661