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Despite China being the most import-heavy oil country in the world, they seem to be bearing pretty well since the beginning of the war in Iran. In this video, we’re taking a look at why the war has been surprisingly good for China and whether this will continue to be the case.
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Sources
Trump truth social
https://truthsocial.com/@realDonaldTrump/posts/116408554531050811
China criticism of Iran
https://www.scmp.com/news/world/middle-east/article/3346278/un-security-council-demands-iran-halt-attacks-gulf-states
https://www.globaltimes.cn/page/202604/1358171.shtml
China stockpiling
https://www.oxfordenergy.org/wpcms/wp-content/uploads/2026/02/Comment-The-drivers-of-Chinas-crude-buying-binge.pdf
China export ban
https://www.bloomberg.com/news/articles/2026-03-05/china-tells-top-refiners-to-suspend-diesel-and-gasoline-exports
PPI data
https://tradingeconomics.com/china/producer-prices-change
Oil intensity
https://www.energypolicy.columbia.edu/publications/oil-intensity-curiously-steady-decline-oil-gdp/
Electricity as % of total energy consumption
https://ourworldindata.org/grapher/electricity-as-a-share-of-primary-energy?tab=line&country=OWID_WRL~CHN~USA~OWID_EU27
CNY vs USD
https://tradingeconomics.com/china/currency
Chinese bonds vs everyone else
https://www.ft.com/content/72215587-4b6c-454c-85ff-6956132705d9?syn-25a6b1a6=1
Intl polling on perceptions of US vs China
https://news.gallup.com/poll/707945/china-edges-past-global-approval-ratings.aspx
