China, China, China – the remedy for all ills. Too much LG – China will mop it up and put prices up. Too much oil – China will need it. Too much …. whatever – China. Its the one response everyone has. What people fail to understand is that those in power in China send their families and their money abroad ever faster. Xi himself has moved his daughter to the US. Something clearly is amiss in China. We dot know exactly what it is but it looks like the elites know. And they leave the ship. Not a sign for an economy that has the best growth still before it.
Trafigura, one of the world’s top commodity traders, is predicting a looming oil product deficit as Chinese demand continues to grow