RE:Strange….I Thought CHINA Was Dead?woodsmen wrote: TEHRAN - China’s imports of Iranian oil have reached a record of 1.75m barrels per day (bpd) in August, oiprice.com reported, citing data from Kpler.
As reported, the current figure has surpassed the previous peak of 1.66m bpd set in October 2023 and is almost 50 percent higher compared with 1.24m bpd last month.
The demise of China has been greatly exaggerated. A few Qs of slower GDP growth, real estate etc has NOT manifestly diminished China's gargantuan appetite for oil or gold, which I suspect are going directly to strengthen their reserves.
The other self delusion of our leaders is the claim that sanctions on Iran or Russia are working. Not only are Russia/Iran shipping increasing volumes of crude to China, they are settling trades in Yuan/Rubles etc. and NOT in USDs. Combine that with controlled dumping of US treasuries and you
can imagine what that entails.