The director of a Chinese government research institute has suggested China revamp its energy strategy to secure its energy future. Li Wei, head of the Development Research Center of the State Council, China’s Cabinet — in a paper published in the People’s Daily newspaper — called for a “secure, green and efficient” system of energy production and consumption in China, Xinhua News Agency reported Wednesday. While growth of China’s energy demand will experience a slowdown because of the cooling of its economy, China will continue to depend more on foreign suppliers of oil and natural gas, says Li’s report, “Foreseeing and Analyzing China’s Future Energy Development.” Li’s report calls for China to set clear strategic goals to limit dependency on foreign oil and natural gas. Li says as much as 75 percent of China’s oil could be imported by 2030, and its dependency on […]