‘While countries like the US and Australia have reopened mines, they remain dependent on China for refining,’ says energy strategist Umud Shokri In the 1990s, the US started offshoring a lot of our mining and a lot of our processing. So, a lot of that went to China … There’s …
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The U.S.-China trade war grew more intense in 2018 due to several factors, including concerns about trade imbalances, intellectual property theft, and restrictions on market access. These issues led to several wars as both countries sought to assert their economic dominance. When the U.S. placed tariffs on a range of …
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China has become a major force in Latin America in recent years, and its investment tactics have changed the economic landscape of the area. Because of its advantageous location, strong manufacturing capabilities, and trade agreements like the U.S.-Mexico-Canada Agreement (USMCA), Mexico is one of the most attractive countries in Latin …
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China is self-sufficient in many respects in the old oil industry, but it still needs foreign equipment and imported advanced technologies to extract and explore oil resources. These are China’s weaknesses that need to be addressed. China’s oil industry will not be immune to US-China trade clashes and production and services may …
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