It looks like China's need to increase current account surplus&bring in more dollars might be affecting energy policy now. I've wondered for years how policymakers are so sanguine about oil&gas imports and that's probably changed. https://twitter.com/chinadialogue/status/1194318191037685761
Little upside for international coal market - emphasis is on developing coal resources in inland provinces. But major risk in terms of global emissions, if coal power, coal-to-oil, coal-to-gas etc. make a big comeback in next five-year plan.
Also @michaelxpettis e.g. here https://twitter.com/michaelxpettis/status/1178599909605310465
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