China has anticipated the problems arising decades ago and has taken steps to protect itself from USA blockades over energy flows China has prepared itself against energy shortages and building energy infrastructures unseen anywhere else in the world. Building of stockpiling infrastructures for oil are being built fast and furious, while oil exploration by the Chinese is entering untouched territory with Chinese oil explorers investing in deeper oil wells being sunk.
The biggest move by China must be its migration to renewables, that will lessen China's dependence on oil and coal. China dived headlong into solar and wind energy harvesting to complement its reliance on fossil fuel, which today is levelling off, while the USA and the West laughed and now discovered they had balls caught in seaweeds today.
China took the adoption of EVs by the horns, building more than 16.7 million charging points throughout the country, with the Government subsidizing the adoption of EV purchases and phasing out internal combustion vehicles. This is no half-hearted move and no chickening out in the face of all the sanctions by the West over the adoption of Chinese EVs. If the USA and Europeans refused to buy Chinese EVs, the Global South will gladly oblige adopting the cheaper Chinese EVs. The market will dictate whether Chinese EVs will grow and survive or stagnate. Sales in China alone will keep EV makers in China busy enough, with China the biggest growing vehicle market in the world.
Significantly, Singapore's transport operators are buying BYD buses by the thousands, which tells us who is laughing all the way to the bank. The mass transport sector is no more the playground of Mercedes, Volvo and Leyland anymore. If it works in Singapore, expect others to follow.
Now, we are starting to see the nakedness of the USA with the relentless AI and data center buildup, with insufficient energy generating logistics to cope with massive demands. Not having done the sums first before diving headlong into building AI and data center infrastructures all over the USA is coming back to haunt AI investors. Whether a big collapse is coming is left to be seen. But let us wait for the tide to go out to see the fun.
Anonymous