When the US Iran war started, many feared the world was headed for a devastating, global oil crisis. The Strait of Hormuz is one of the most important energy chokepoints on the planet, and any disrupt
The DW reporters failed to put this action into context. Following the 2008 global recession, U.S. and E.U. officials begged China to engage in massive deficit-spending to help pull the global economy out of its recession. China agreed and did exactly that, engaging in $500 billion USD of deficit-spending to fuel its economy for several years and pouring more concrete in 1-2 years than the U.S. had in its entire history. For its help, China was later criticized for overproduction of steel during this period.
The fact is, China has had to repeatedly save the global economy from the U.S.'s reckless behaviors.
If you go to China, any city, the reason "why" is Plainly Obvious. Around 50% of all Chinese auto purchases in 2025 are EVs. China spent a Long time to build up a very large 1.x Billion barrel strategic Oil Reserve, while invest Heavily into Renewables. When China realized its Strategic Oil Reserve remained untouched with Oil market easing, it reduced it s imports. It makes perfect economic sense to China, and so happens eased the Spike for other countries. Win Win for everyone.
China is a responsible power who planned far ahead. When oil price collapsed, the Chinese hoarded it for their oil reserve, helped stabilizing oil price. When oil price skyrocketed, the Chinese released their oil reserve.
China did also saved the world economy during 2008 global financial crisis!
China did play a major stabilizing role. Its government launched a large stimulus package (about 4 trillion yuan at the time) focused on infrastructure, construction, and domestic demand. This helped support commodity markets, manufacturing, and global growth when the United States and Europe were in recession. Many economists argue that China’s continued growth helped prevent a deeper worldwide downturn.
"A state governed by engineers had prepared ways to adapt to a rapid drop in availability to a finite resource that is succeptible to external disruption. what could it mean ?!?"
During the US’ and Israel’s recent campaign against Iran, world energy markets braced for a shock of global proportions. But the worst predictions didn’t come to pass, thanks in part to drastic action by China. Beijing cut oil imports by 5 million barrels a day, and some analysts say that may have helped stave off major economic turmoil.
We use cookies, device fingerprinting and cross-device tracking to personalise content, serve targeted advertising, and analyse how you use our site across your devices. By clicking Accept all you consent to the use of these tracking technologies. Your data may be used to build a profile of your interests and show you personalised ads on other sites.
Privacy policy
Comments (20)
Daily Junction discussion mixed with clearly attributed comments from the original video provider.
Join in — free. Comments on Daily Junction are for members, so real names stay rare and bots stay out.
One field. We email you a 6-digit code — no password needed. Your comment is kept while you do it.
Under 13? You’ll need a parent’s OK first — it takes them one click.
The fact is, China has had to repeatedly save the global economy from the U.S.'s reckless behaviors.
China did play a major stabilizing role. Its government launched a large stimulus package (about 4 trillion yuan at the time) focused on infrastructure, construction, and domestic demand. This helped support commodity markets, manufacturing, and global growth when the United States and Europe were in recession. Many economists argue that China’s continued growth helped prevent a deeper worldwide downturn.