How China can survive without the Strait of Hormuz
Reuters reports: The world’s largest importer of oil through the Strait of Hormuz is, paradoxically, also one of the best placed to weather the waterway’s closure. China consumes oceans of oil from the Gulf and imports roughly as much from the region as India, Japan and South Korea combined. In response to the closure of the Strait, officials across Asia are asking citizens to take shorter showers or work from home to save energy. In China, the ruling Communist Party’s…