Curve Ball
Entrepreneur's Handbook
MARCH 8, 2023
Nearly one-third of the 61% of total global petroleum and other liquids production that moved on maritime routes in 2015 transited the Strait of Malacca, the second-largest oil trade chokepoint in the world after the Strait of Hormuz. Given that Chinese growth is debt-financed, the PBOC would be called upon to tighten financial conditions.
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