Total oil and gas output reached 420 million metric tons of oil equivalent last year, more than 30 percent up compared to 2018 levels, according to the China National Petroleum Corp Economics and Technology Research Institute.

The CATL-Schroders Greencoat partnership agreement was sealed at the UK-China Business Forum.

Frustrated by long entanglements in Iraq and Afghanistan, the Obama administration in 2011 announced a strategic “rebalance” toward the Asia-Pacific, where China was emerging as Washington’s principal rival.