Report finds China is the main beneficiary of the Strait of Hormuz crisis
By
Amy Hawkins
Summary
A report by the geopolitical consulting firm Asia Group concludes that China has emerged as the sole winner in Asia from the Strait of Hormuz crisis. While the Middle Eastern waterway closure caused a global commodities crisis, China weathered the energy shock and is now gaining from a global push toward solar energy and electric vehicles. The article examines how Beijing, initially set for an energy shock, has instead turned the crisis into a strategic advantage.
Source
bskyReport finds China is the main beneficiary of the Strait of Hormuz crisismotherjones.comKey quotes
· 2 pulledChina has emerged as the sole winner in Asia from the strait of Hormuz crisis
The report by the geopolitical consulting firm Asia Group concluded that China had weathered the storm of the global commodities crisis resulting from the closure of the Middle Eastern waterway
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