It is. China has been focused on what it called it's "Malacca Problem" since at least 2002 & has been using gold to net settle CNY-denominated oil since at least 2014. So unless the US wants to trigger nuclear WW3 by trying a naval blockade, China is a sovereign nation on oil.
FinancialJuice
FinancialJuice30 thg 7, 2025
Bộ trưởng Tài chính Mỹ Bessent: Trung Quốc nói về dầu mỏ rằng họ là một quốc gia có chủ quyền.
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