That is true, but going forward China can get oil from Russia and Iran. Also worth noting that China’s nuclear and renewable energy production is accelerating. Meanwhile, China has a huge amount of leverage over the west economically right now because lots of western companies are dependent on manufacturing in China. If the west tried to interfere with China’s oil supply then China can crash western economies which are in an incredibly fragile state already.
That is true, but going forward China can get oil from Russia and Iran. Also worth noting that China’s nuclear and renewable energy production is accelerating. Meanwhile, China has a huge amount of leverage over the west economically right now because lots of western companies are dependent on manufacturing in China. If the west tried to interfere with China’s oil supply then China can crash western economies which are in an incredibly fragile state already.