China Responds to US Strategic Oil Release Proposal: "Will Release According to Our Demand" (Update)

▲Zhao Lijian, Spokesperson of the Chinese Ministry of Foreign Affairs [Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] China has expressed its intention to release strategic reserves based on its domestic demand in response to the United States' proposal for a joint release of reserves to stabilize international oil prices.

Zhao Lijian, spokesperson for the Chinese Ministry of Foreign Affairs, said at a regular briefing on the 24th in response to related questions, "China will allocate the release of strategic reserves according to actual circumstances and demand."

Spokesperson Zhao added, "We will also take other necessary measures to stabilize the market," but did not disclose details such as the scale, timing, or method of the release, stating that such information will be announced at an appropriate time.

He also emphasized, "China is maintaining close communication with all parties, including oil-producing and consuming countries, and hopes to secure a long-term and stable flow in the oil market through communication and cooperation."

This content was produced with the assistance of AI translation services.