YogthosWith global energy prices surging 50% due to the Iran war, Goldman's strategists argue that the Chinese economy is better positioned to weather this storm than its peers, including the US.
China's perceived advantage stems from a decade of strategic preparation. Petrol and other liquid fuels account for roughly 40% and 44%, respectively, of the primary energy consumption in the US and EU. But China has managed to reduce this figure to just 28%.
