The prediction feeds into a complex picture. Bruegel, a think tank, says China’s reliance on oil imports from Iran is set to pose a “severe test” for its energy strategy. At the same time, the country’s status as the world’s largest producer of clean tech puts it in a unique position to help governments now desperate to wean themselves off Middle East imports, according to the Deutsche Bank executive.
(April 9): As war injects extreme volatility into oil and gas markets, the global race for energy security is making China stronger, according to Jacky Tang, emerging markets chief investment officer at the private banking arm of Deutsche Bank AG.
“China is the winner in this war from an economic standpoint, from an energy mix standpoint,” he said in an interview.
