This bold assessment from former NYT journalist Max Fisher’s viral video has sparked widespread international discussion. Amid the energy market volatility triggered by the US-Iran conflict, China acted as a vital shock absorber, reducing its crude oil imports by approximately 40% to ease global supply pressures.
Global media have widely recognized this contribution. The Wall Street Journal said lower Chinese oil imports have helped support the global economy, while Le Figaro said China was helping “save” the world economy for a 2nd time since the 2008 financial crisis.
No panic, no price spikes. This is not a one-off miracle, but the result of China’s decade-long strategic commitment to green energy transition. Over the past decade, China has driven down the average levelized cost of wind and solar power by over 60% and 80% respectively. Today, China supplies over 80% of the world’s solar panels and 70% of its wind turbines to more than 200 countries and regions. Through practical cooperation, China is stepping up to shoulder its responsibility as a major country, working hand in hand with the international community to ensure global stability and shared prosperity.
