China’s Covid Pivot Is Set to Worsen the Global Energy Crunch

January 8, 2023/in /by Rudolf Huber

I don’t expect that to be too bad. China’s economic woes have very little to do with COVID. Well, in a way COVID has helped open Pandora’s box but the box was there long before. China is a bubble economy that can only thrive as long as the world keeps buying what China makes. But “made in China” has gone from being a sign of economic production towards insecurity as countries have identified deindustrialization as a problem. And when the world does not want China’s stuff, China falls fast and hard. Forget the Chinese internal market. Without cash from outside it shrivels and dies.

China’s Covid Pivot Is Set to Worsen the Global Energy Crunch - BNN Bloomberg

China’s pivot away from Covid Zero is poised to boost natural gas demand in the world’s biggest importer, potentially curbing supply to Europe and other Asian nations.

BNN

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