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China’s Edge in an Oil Shock: Electric Cars and Renewables

Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off. As the price of oil soars to $100 a barrel and countries scramble to limit the fallout of the sudden loss of Middle East fuel, China has two significant advantages over its geopolitical rivals. Many of its new cars run on electricity. And that electr... [2069 chars]

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