We're talking about historically, up until now. They've continued to bring online more fossil fuel and nuclear plants in last decade, whilst Europe has done the complete opposite. It's only this year that fossil fuel plants are predicted to peak in China. The point being plentiful 'anything' forces prices down, including energy, and China are doing exactly what I said in the previous point: not shutting down nuclear or fossil fuels yet.
Europe on the other hand, has shut down nuclear and fossil fuels over the last decade and removed a source of cheap energy from the grid. And by cheap I mean, the build costs, are a sunk cost.
For example - https://www.reuters.com/business/energy/charting-chinas-evol...
Europe on the other hand, has shut down nuclear and fossil fuels over the last decade and removed a source of cheap energy from the grid. And by cheap I mean, the build costs, are a sunk cost.