China are stockpiling resources: Are they bracing for war? – Peter Apps

China are stockpiling resources: Are they bracing for war? – Peter Apps

China is on a mission to amass critical resources for an uncertain future.
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In the bustling port of Dongying, China, tankers unload Russian crude oil into a colossal storage facility, marking a strategic move in China's mission to amass critical resources for an uncertain future. With estimates placing China's energy reserves surpassing even the US, this endeavour signals a broader strategy to fortify against potential conflicts or sanctions. As Beijing strengthens ties with Russia, tensions with the West heighten, prompting speculation on China's economic and geopolitical motivations.

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SOURCE: REUTERS

By Peter Apps

LONDON, April 25 (Reuters) – In the eastern Chinese port of Dongying, the start of 2024 has often seen several tankers docked simultaneously discharging Russian crude oil into a new 31.5 million barrel storage facility completed late last year.

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