What Does 2024 Hold For China’s Economy And Oil Demand?

Since the mid-1990s, China has been the key global buyer of multiple commodities needed to power its economic growth. The purpose of this growth was partly to create and enlarge a middle class over which it is generally much easier to maintain control than either a fractious upper class or working class.

It was also to establish a superpower counterpoint in the Global South to rival that of the U.S. in the Global North and eventually to overtake it as the world’s top superpower, as analysed in depth in my new book on the new global oil…