Despite diversification efforts, the US remains heavily reliant on China's refining capacity and expertise. Zhang suggests that instead of decoupling, the US should leverage technologies China needs to maintain influence. The article emphasizes that China’s strength lies in its industrial capacity to refine, process, and produce at scale – a dominance built over time and not easily eroded.
Read the full article here.
Senior Fellow, Asia Global Institute
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The University of Hong Kong
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