China is a clear winner from Trump’s war in Middle East, report concludes
business
The Asia Group thinktank concludes that China is Asia's sole winner from the Strait of Hormuz crisis. Beijing's energy stockpiles and advanced renewables sector protected it from the global commodities shock triggered by the waterway closure. But there's more: China stands to gain significantly from the economic shifts that follow—particularly the accelerating global transition to renewable energy and electric vehicles, sectors where China already leads. When others face supply-chain disruption, Beijing is positioned to expand its market advantage.
Source: https://www.theguardian.com/world/2026/jun/30/china-clear...
Listen to this story
Hear this and more stories in a personalized audio briefing.
Open The Chonkerton