China is the world's largest exporter of alternatives to oil. This adventure has done nothing but strengthen their relative economic position.
replyHow?
replyThis only strengthens USA's oil sector and ideally we all know the perils of dutch disease. The weakening of every other american export for a dieing industry is not strengthing it.
It weakens China and Europe even more, so it strengthens USA compared to the rest of the world. That is why the US stock market is going strong.
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