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.”

      • king_comrade@lemmy.world
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        4 hours ago

        It’s possible to celebrate the successes of something while also condemning its crimes… unless you’re brainwashed.

        • hammertime@lemmy.org
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          3 hours ago

          Prove it. Condemn the crimes specifically and show me how it’s done. Show me you aren’t a brainwashed ML simp.

            • hammertime@lemmy.org
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              2 hours ago

              I’ll provide my positive opinions of China once you condemn it. But we both know you’ll just laugh and disappear like the typical parlor pink.

              • king_comrade@lemmy.world
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                2 hours ago

                I’m keen to hear them, I condemn China’s stance towards Taiwan, their treatment of Uyghurs and free Tibet.

                • hammertime@lemmy.org
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                  2 hours ago

                  According to the news we hear about China, they seem to be doing a good job moving away from fossil fuel dependency. Their rail network is impressive. And their reforestation projects are admirable.