China's economy is one of the least dependent on oil and gas. Electricity is mostly coal, renewables and nuclear. Transport is increasingly electric (including trucks). Chemicals are moving from oil and gas to coal.

If global oil and gas prices rise, Chinese electricity and transport prices are largely unaffected, unlike the rest of the world. Even the US doesn't have that kind of resilience.

However, China is a net importer of oil and gas, while the US is a net exporter, so when it comes to trade the US is the main beneficiary, although it mainly benefits one single sector.