China's GDP growth likely accelerated in Q1 despite Iran shock: survey (asia.nikkei.com)
from schizoidman@lemmy.zip to world@lemmy.world on 02 Apr 07:08
https://lemmy.zip/post/61833351

archive.is/ppbCR

In the latest quarterly survey by Nikkei and Nikkei Quick News, analysts’ average estimate of China’s gross domestic product growth in the January-March period was 4.7%, up from 4.5% in the fourth quarter of last year.

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Buffalox@lemmy.world on 02 Apr 08:12 collapse

I wouldn’t be surprised if it turns out that China is relatively less dependent on oil than USA.
Apart from the countries hardest hit, like Philippines and Thailand that already need to ration it, I think USA may be among the hardest hit rich/industrialized countries. Because USA has failed to modernize their energy infrastructure as much as China and EU.

NoneOfUrBusiness@fedia.io on 02 Apr 09:42 collapse

China also knows Gulf oil is a Sword of Damocles hanging over their head, so they were more prepared than Americans who seem to (not unjustifiably tbf) believe they're the kings of the world.

Buffalox@lemmy.world on 02 Apr 09:46 collapse

True, but that belief is seriously damaged now, with how badly the war with Iran is going.
Maybe some Americans still believe it, but the rest of the world does not.