China will focus on maintaining stability under leader Xi Jinping , according to a report by S&P Global report , which predicts demand for oil and natural gas will increase despite the country 's investment into renewable energy sources . Even oil could make a comeback , depending on the strength of the economy , it said . The study also said trade with the US could deepen as China draws on American shale gas , and plans to replace oil with ethanol would still require imports .
China will focus on maintaining growth under leader Xi Jinping, according to a report by S&P Global Platts, which predicts demand for oil and natural gas will increase despite the country's push into renewable energy sources. Even coal could make a comeback, depending on the strength of the economy, it said. The study also said ties with the US could deepen as China draws on American shale gas, and plans to displace oil with ethanol will still require imports.