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China calls for global cooperation to improve energy supplies as power prices surge across the world

Summary:
[unable to retrieve full-text content]China wants to see more international cooperation to stabilise power prices and boost the global energy trade, the nation’s assistant commerce minister has said, as the world’s No 2 economy looks to steady domestic supply after weeks of disruptions.Market volatility had increased as a result of global energy shortages driven by a sharp uptick in post-pandemic demand and extreme weather, Ren Hongbin said.Slow investment in energy projects due to earlier forecasts of low oil and gas prices have…

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[unable to retrieve full-text content]
China wants to see more international cooperation to stabilise power prices and boost the global energy trade, the nation’s assistant commerce minister has said, as the world’s No 2 economy looks to steady domestic supply after weeks of disruptions.Market volatility had increased as a result of global energy shortages driven by a sharp uptick in post-pandemic demand and extreme weather, Ren Hongbin said.Slow investment in energy projects due to earlier forecasts of low oil and gas prices have…

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