China has to do this! They can’t make any.

BlokchainB

But when the world gradually moves to sustainable forms of energy, will China’s competitive advantage be eroded? Time will tell

cryotosensei

China has accumulated approximately 1.4 billion barrels of oil in reserves, more than three times that of the US and far exceeding any other country.

This is no coincidence. Since 2022, with Xi reinforcing the goal of self-sufficiency, China's stockpile of commodities has skyrocketed, from rare earths and oil to gold and agricultural products.

It cushions price shocks during times of geopolitical tension and gives China bargaining power.

When the world's largest oil buyer is already well-stocked, it can wait.

Stacker_Stocks

China has accumulated approximately 1.4 billion barrels of oil in reserves, more than three times that of the US and far exceeding any other country.

This is no coincidence. Since 2022, with Xi reinforcing the goal of self-sufficiency, China's stockpile of commodities has skyrocketed, from rare earths and oil to gold and agricultural products.

This stockpile serves two functions:

It cushions price shocks during times of geopolitical tension and gives China bargaining power.

When the world's largest oil buyer is already well-stocked, it can wait.

And whoever can wait dictates the price.

![](https://m.stacker.news/143090)