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”
Here is how they are doing it.
They panicked when they saw Russia get cut off by the West due to the Ukraine invasion, since they hope to take over Taiwan in Xi's lifetime...and when they saw what was happening to Huawei, among others.
So, the order went out: Most PRC based companies were required to reduce their exposure to western supply chains...China-only supply chains were required unless specific exceptions were granted by the PRC.
Western companies saw orders dropping, affecting their bottom line. How were they going to meet the Street's and the City's quarterly expectations?
Answer: change revenue from profits on goods manufactured in the west, and instead, make money on licensing revenue from China corporations. Basically, US companies find a PRC corporate partner, and teach them how to practice western technology in exchange for licensing revenue. Tech transfer from the US to PRC. PRC companies then have China-only supply chains. No imports; western tech is made in China.
When China invades Taiwan, and the West moves to terminate the license agreements, the China corporations will just ignore the terminations. They will continue manufacturing western quality goods with western technology, but they will do so free of charge because they will be released under PRC law from having to pay the license fees.
Western companies are betraying the West in the long term, in order keep their stock values up in the short term...and China imports less and less. We are helping them become an independent power.
Interesting.
They may be saved by their age demographics issues by AI and automation, much of the technology of course being stolen.
Are they burning Uyghurs for energy?
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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.
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Well, at least your wear your allegiances proudly. "Thank goodness for China".
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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.
We do not need to import oil.
Your whole premise is false.
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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
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