{
  "id": 2440978,
  "title": "Beijing Bets on Fossil Fuels Even as It Leads the World in Renewables",
  "url": "https://urgent.news/2026/08/20/beijing-bets-on-fossil-fuels-even-as-it-leads-the-world-in-renewables-2440978",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T15:00:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/beijing-bets-fossil-fuels-even-150000725.html"
  },
  "original_language": "en",
  "account": "China has become the world's leading producer of renewable energy, investing heavily in solar, wind, and battery storage projects. Simultaneously, the nation has increased its oil and gas production, aiming to boost energy self-sufficiency and reduce dependence on foreign oil and gas imports. In 2025, China produced a record 216 million metric tonnes of crude oil, with natural gas output up by 10 billion cubic metres the previous year. The government's policies focus on diversifying energy sources to ensure energy security as other countries struggle to diversify sufficiently. In the first half of 2026, China's crude output rose by 0.9%, reaching 4.42 million barrels per day. The nation has filled its strategic oil reserves with discounted Russian and Iranian crude, helping it isolate itself from recent global oil price spikes. China plans to expand its strategic oil reserves, diversify suppliers, and increase domestic production to 440 million metric tonnes of oil equivalent by 2030. The government will also enhance its pipeline network and natural gas storage capacity, while pursuing breakthroughs in deep onshore and offshore fossil fuel exploration.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "OilPrice",
        "title": "Beijing Bets on Fossil Fuels Even as It Leads the World in Renewables",
        "url": "https://urgent.news/2026/08/20/beijing-bets-on-fossil-fuels-even-as-it-leads-the-world-in-renewables",
        "published": "2026-08-20T15:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}