China will greatly increase domestic energy supply capacity and its reserve capacity for key commodities, government officials said on Monday, reiterating a policy of ensuring supplies and stabilising prices of raw materials. The world’s top energy consumer will enhance a “diversified domestic supply base” centred on coal while speeding development of domestic oil and gas resources, said Ren Jingdong, deputy head of the National Energy Administration. He was speaking at a news conference during a once-in-five years Communist Party Congress that began on Sunday. In his opening speech, President Xi Jinping said China would steadily implement its carbon peak and neutrality targets and in accordance with its energy resources. Ren added that the country would further strengthen its reserve system for coal and […]