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China insulated itself against energy shocks. India is ‘all talk, no walk’

News Snapshot:

While tracking India’s travails over LPG and natural gases impacting households, MSMEs and fertiliser production in particular, I got curious about how China, with a GDP five times ours, looks so calm. The upshot: it has been wise, and we, frightfully complacent. Like us, China isn’t endowed with significant oil and gas, and imports much. Yet, unlike us, it isn’t in panic mode.We know that China gets the bulk of its crude and some gas from Russia through land pipelines. Is that enough? Here, we’re in a panic about our fertiliser situation as we head into kharif planting. But, China…

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