The blockade strategy by the USA had been around for decades, created solely for the purpose of suffocating China. China saw and understood the evil agenda of the USA and had all along been doing its best to overcome this National Security issue.
China's heavy investments into high speed rails, migrating its dependence on ICE vehicles to EVs with huge incentives being trotted out has been very successful to say the least. It was not a scheme created to end in failure. This has saved China from heavy reliance on imported fossil fuel, which has plateaued off over the last few years. Before that, the growth of imported fossil fuel was exponential, being needed to feed China's manufacturing appetite. Analysts are expecting China's reliance on crude oil to even decline in the coming years. This is possible with China's huge investments in renewables and its own expansion in the oil extraction sector at home.
Anonymous
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The energy crisis will wake the world up to the benefits of EVs. Many countries are slowly adopting EVs and building solar farms to harness renewable energy. China is laughing all the way to the bank over more EV adoption and sales of solar panels, which China has an 80% manufacturing control. That is not all. China also has a 70% control over the wind turbine market. Can we foresee where the world is moving into going forward? Renewables against fossil fuel is the coming battle and will determine who wins and who loses.
But let the USA continue to demonize EVs and concentrate on ICE vehicle usage. It is no big loss for China, as the global south market is big enough to exploit. Trump is into fossil fuel throughout his two Presidencies, even encouraging fracking. Trump in fact demonized windmills or wind turbines for killing birds, does not believe in solar power and continues to demonize China for building too many dams for generating hydro power. It is all to fit into his fossil fuel ideology as mandated by his campaign donors and his investments in oil exploration.
USA intended to use those choke points to blockade the flow of oil in times of war, ostensibly targeting China. Iran is at war with the USA and is blockading the Straits of Hormuz, sharing the same modus-operandi as the USA. If USA is allowed to do blockading at will, why should Iran be denied the same leverage it holds? What is the difference between the two countries having identical ideas. Unless it can be logically explained that blockading China is legal and therefore beneficial for everybody around the world that depended on cheaper Chinese goods.
China does not need to fight for the USA market for EVs in the coming days. This move has already been pre-emptied by USA senators asking the Government not to allow China to make cars in the USA. USA ICE vehicle manufacturers can keep the USA market for themselves, while the rest of the world moves on. No sweat.
If the Iran War continues, the whole world would be pivoting to China for EVs, wind turbines and solar panels. Chinese EV makers, wind turbine makers and solar panel makers are going to be laughing hilariously all the way to the bank, making some people more envious than ever. Of course, we must not ignore the possibility that China will insists on being paid in Yuan for such sales, which is another nail in the coffin of the mighty US$.
Moreover, Russia and Iran have already insisted on being paid in Yuan for their oil, and if Iran sets up its toll booth guarding the Straits of Hormuz, with tolls collected also in Yuan, that is bound to make someone run amok.
De-dollarization had been brushed aside as a mere irritant to the mighty US$. Now, it may be too late to realize that the world is seriously taking up the de-dollarization move into main street, not sidewalks.
But as always, realization often comes too late to remedy when the shit already is all over the fan.
When is lunatic Trump going to bomb China's EV factories, calling them a threat to America, and also China's EV cannot be better than American EV, not in his watch, parroting dementia Biden?
USA is not the only country with bombs. If Trump wants to look for trouble, China, Russia and North Korea can also pay back the USA with the same coin.
The Iranian coin is already too difficult to handle for Trump.
Two days ago, Trump threatened to end the Iranian thousand-year civilization overnight. Then the TACO moves came into the picture and another two weeks extension was again.
Today, Trump is talking about reconstruction. Wonder what that is, but rest assured more of such delusional outburst will come out of his motormouth. Amidst that, the stock market will react like a yo-yo once again and you know what the result is. Nothing more than market manipulation by the master conman of the infamous 'Art of the Deal'.
Trump says what he does not mean and means not what he said. Keep following the Jester with a kid's mentality.
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