China’s new role as the world’s second largest economy and its increasing thirst for oil leaves it more exposed to unrest in the Middle East, argues the Wall Street Journal’s Andrew Critchlow in this fascinating piece.
Critchlow:
“The newly crowned world’s second-largest economy surpassed the U.S. as the biggest importer of oil from Saudi Arabia in 2009, and the kingdom’s crude is an increasingly important factor in powering the nation’s growth. Considering the economic importance of the Middle East for Asia as a whole, Beijing and its neighbors remain unable to influence the course of events in the Arab world, while being arguably the most exposed to the changes under way.”
No comments:
Post a Comment