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China fears commodity squeeze as US conflict takes a more dangerous turn

China fears commodity squeeze as US conflict takes a more dangerous turn

The Telegraph - By Ambrose Evans-Pritchard

China’s leaders are tormented by the “Malacca Dilemma”. Their country is the world’s largest importer of oil and natural gas. It is acutely vulnerable to an energy squeeze on seaborne supplies. Over 82pc of China’s total crude shipments and much of its liquefied natural gas pass through the Malacca …

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