Okay, several revelant bits that stood out for me:
China has just emerged as the world’s largest manufacturer of wind turbines and solar panels, and plans to be the world’s biggest builder of nuclear power plants in the coming decade.
An oil exporter as recently as the early 1990s, China passed the United States last year as the biggest customer for Saudi oil and gas exports. Within as few as five years, it will be importing a higher percentage of its oil than the United States.
That is of great concern to the Chinese government, where officials worry about the security of energy supplies from abroad. And it is why China’s military and its main security and intelligence agency are playing an increasingly visible role in energy policy making.
So I wouldn't be surprised if China's BIG move on the international scale is to simply invade Somalia in the next couple of years to uh, "peacekeep" and impose "order" on the place after a couple of Chinese flagged tankers/freighters get taken over; and also to be a very strong backer of the Iraqi government -- they can always outbid everyone else for the rights on the oilfields in Iraq.While oil demand has risen inexorably in China, domestic production has barely increased. Chinese companies have struggled to acquire oil fields elsewhere. Shut out of the most attractive operations, which are already controlled by exporting countries or Western multinationals, Chinese companies have ventured into some of the world’s most volatile countries, notably Sudan and now to some extent Iraq and Iran.
One of the last issues still unresolved in the energy legislation involves the extent to which China should continue investing in such oil fields or rely on buying oil in world markets. Mr. Li says he personally believes that China’s energy security does not improve when state-controlled oil companies buy oil fields in potentially unstable countries.
“A lot of companies say, ‘I develop oil for China,’ ” but are really out to make a profit for themselves, he said,
Somali pirates have begun preying on tankers and freighters bound for China from the Mideast. That poses a challenge for China’s navy, which is mostly designed for coastal defense.