China built resilience to an energy shock — it's paid off for Chinese assets amid the Iran war
Inflatie
The outbreak of the Iran war sparked a sharp sell-off across most regions and asset classes in March, as investors weighed the impact the conflict would have on inflation and economic output. China proved to be an exception. Despite its status as one of the world's major oil importers, China averted the worst of the energy shock caused by the effective closure of the Strait of Hormuz thanks to multi-year efforts to diversify its energy mix and build up reserves. Its stockpile of over 1.2
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