China is a clear winner from Trump’s war in Middle East, report concludes

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A report by the Asia Group finds China to be the singular winner in Asia amid the Middle East crisis, bolstered by its strong stockpiles and renewable energy industry. China benefits from geopolitical and economic shifts driven by disruptions around the Strait of Hormuz.

Beijing, whose stockpiles and renewables industry allowed it to withstand energy shock, is now gaining from global solar and EV push China has emerged as the sole winner in Asia from the strait of Hormuz crisis, according to a report published on Tuesday. The report by the Asia Group thinktank concluded that China had weathered the storm of the global commodities crisis resulting from the closure of the Middle Eastern waterway, and also stood to gain from the economic and geopolitical trends sparked by the wider conflict. Continue reading...