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China Affirms Energy Stability amidst Global Price Increases

China Daily reported that in the face of increasing economic and energy supply instabilities, China has assured its population (and the world) that it is capable of sustaining a stable energy supply into the future. “Despite the external pressure, China still possesses the capability to guarantee a secure, reliable and stable supply of energy,” said Fu Linghui, a spokesperson with the National Bureau of Statistics.

“For now, coal still serves as the major energy pillar in China, and will still guarantee the country’s energy and power security for some time as the country has sufficient coal resources,” said Yu Bing, deputy head of the National Energy Administration. “Last year, coal produced 60% of the country’s electricity with an installed capacity of less than 50%,” Yu said.

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