Pedantic: China produces 5 million barrels of oil a day, 4th in the world. That's far from "almost no oil capacity". The problem is that they consume 12.5 million barrels a day.
This means that electrification doesn't need to get them to 0 oil demand, they can still use their own oil for harder to replace uses like plastic production.
China's oil consumption is pretty insane when you consider how invested they are in solar. I guess oil does have the benefit of being fuel as well as storage and can sit in a Tank for a long time without losing any energy. But consider that China is the biggest buyer by far from several oil producing nations. In fact OPEC+ has tied oil prices to the Chinese economy for a few years now. Chinese demand for energy is ludicrous.
You're right, somehow I forgot China is up there on domestic oil production, unsure if its 4th in the world or not these days, but it is up there at least within the top 10. But as you mention, they're still nowhere near close to their domestic demand.
Pedantic: China produces 5 million barrels of oil a day, 4th in the world. That's far from "almost no oil capacity". The problem is that they consume 12.5 million barrels a day.
This means that electrification doesn't need to get them to 0 oil demand, they can still use their own oil for harder to replace uses like plastic production.