It looks like China& #39;s need to increase current account surplus&bring in more dollars might be affecting energy policy now. I& #39;ve wondered for years how policymakers are so sanguine about oil&gas imports and that& #39;s probably changed. https://twitter.com/chinadialogue/status/1194318191037685761">https://twitter.com/chinadial...

Little upside for international coal market - emphasis is on developing coal resources in inland provinces. But major risk in terms of global emissions, if coal power, coal-to-oil, coal-to-gas etc. make a big comeback in next five-year plan.

As always "trade war" is a catchy trope - main driver is China& #39;s domestic economic weaknesses, compounded by pressure on exports and sentiment from the trade friction.

Props to @BaldingsWorld for highlighting the dollar issue consistently. https://www.bloomberg.com/opinion/articles/2019-05-09/china-s-need-for-u-s-dollars-dictates-its-trade-stance">https://www.bloomberg.com/opinion/a...

Also @michaelxpettis e.g. here https://twitter.com/michaelxpettis/status/1178599909605310465">https://twitter.com/michaelxp...