Energy Rivalry Intensifies Between US and China
The global contest for superpower status has increasingly focused on energy, with China emerging as an 'electrostate' and the US defending its position as a 'hydrocarbon hegemon.' China prioritizes electricity for its economy, despite being a major energy producer and importer.
Given that control over energy reinforces superpower status, the contest of the century has morphed into an intense rivalry between China, a rising “electrostate”, and the United States, the world’s hydrocarbon hegemon safeguarding its position. China recognises that electricity drives its economy. Despite being a major producer of coal, crude oil and natural gas, China remains an importer of these hydrocarbons. However, with strategic patience, through its five-year plans, the country has been....