China is keeping the world economy afloat
They have slashed their imports by almost 3.5 million B/D. This is basically the only reason that global prices have not shot through the roof.
How exactly they are doing it is not clear to me....but the why is: A global economic meltdown is not in their interest.
How long they can keep it up is also not clear. But a global recession would also decrease demand and depress prices a bit.
Link: https://www.bloomberg.com/opinion/articles/2026-05-08/iran-war-china-s-invisible-hand-is-rebalancing-the-oil-market?utm_source=website&utm_medium=share&utm_campaign=twitter
Replies to: “China is keeping the world economy afloat”
By hollowing out the rest of the world
China's trillion dollar trade surpluses are he central reason why the West is now dependent on government debt to put stilts on its economic cycles. They are in no way propping up anything.
Well clearly you are the expert.
(no message)
Well, at least your wear your allegiances proudly. "Thank goodness for China".
(no message)
That is absolulely true in this case. And Trump should be saying it, not me.
Because right now the Chinese are the only thing standing between us and $6/gallon gas.
China has reduced global demand, and is currently saving the global economy during Trump's stupid fucking war.
.
(no message)
The CCP is increasingly relying on robots.
Their people are unnecessary
Link: https://www.theedgesingapore.com/news/china/humanoid-robots-drive-next-leg-chinas-export-dominance--morgan-stanley
Consent Management