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