China Electric Strategy

Rather than getting entangled or worst involved in the Middle East crisis, China is letting the U.S. involved in the conflict –  like how the Americans had plunged into wars in Iraq and Afghanistan. 

Whoever holds power in Iran is unlikely to sever economic ties with China entirely. The war – with or without China’s involvement – has seen a spike in oil and natural-gas prices.

In 2016, China and Iran signed a "Comprehensive Strategic Partnership" agreement. This partnership focuses on expanding bilateral cooperation across a large number of sectors, including energy, trade, infrastructure, and military ties.

Best part China took steps to insulate itself from a shock disruption to energy imports by building a strategic national oil reserve while promoting electric vehicles to curb its reliance on oil consumption.


Comments

Popular posts from this blog

Balai Seni Negara's Treasures

The Final Lesson by Syed Ahmad Jamal

Jho Low Bienalle