China’s economy is becoming more efficient, shifting away from costly (and polluting) diesel fuel to more energy-efficient and cleaner railways and natural-gas-powered trucks. The notion that the tariff war might have caused diesel demand to drop in China is silly. Only 5% of China’s manufacturing is sold to the US, and most of that is consumer electronics and similar goods with a very low ratio of weight to value.
Excerpt from Washington is wrong about China’s economy
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