GEOPOLITICS: The Chinese Counter-Reaction
Headline: China in Check: Will the Asian Giant Intervene to Secure Iranian Oil?
China is the largest buyer of Iranian oil and a primary infrastructure financier. A direct attack on Iran is an indirect attack on Chinese energy security. Beijing has issued "notes of grave concern," but the market fears an economic retaliation: the mass sale of US Treasuries by China.
If Beijing decides to intervene, we could see a slowdown in Chinese industrial production, which would crash the prices of global industrial commodities.
Risk: Geopolitics turning into full-scale trade war.
WATCH THE LIVE WEBCAST TODAY: [The Role of China and the Future of Global Commodities]
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