As oil prices climbed past $100 a barrel for the first time in four years, OCBC analysts said China may be “less sensitive to a prolonged closure of the Strait of Hormuz than many of its Asian peers.”
“China has accumulated one of the world’s largest strategic and commercial crude reserves,” the analysts said, adding that its “rapid transition toward electric vehicles and renewable energy provides an additional structural hedge.”


China, unlike the rest of us, plans ahead.
China, like the rest of us, murder Muslims. Simp all you want.
Me pointing out that they plan for the long term isn’t me simping for them.
Show me. Say, “The Chinese government murders Uyghurs”
China plans ahead by re-educating Uyghurs in concentration camps. They probably also killed some of them. Fuck the CCP. But at the same time China also invested heavily in green energy and infrastructure. All of these things can be true. And Taiwan is an independent country. Thanks for listening to my TED talk.
I guess if they have green tech it makes them okay
You come across more brainwashed than those you accuse
Evil countries can do some good things. Whether accidentally or intentionally. Vice versa too.
You’re not wrong, but that has nothing to do with their economic prowess. China is scary because they are both run by a psychopath and their leadership generally thinks ahead.
The US has the psychopath part down. Not the planning bit.
Oh hey you’re my comment about it but the problem with Lemmy that got downvoted
Are you saying you are tired of hearing about genocide on Lemmy?