Rebecca Fang
speaker
30 appearances
1 recordings
1 series
first heard Jun 2026
last heard 12 Jun
Rebecca Fang’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
China was able to slash oil imports without visible disruptions to its economy.
Cars are still running on the street.
People are still traveling.
Toilet paper is still there.
You know, how is this possible?
That actually is the mystery.
So yeah, as you said, normally China would import around 11 million barrels a day.
But in May, the official data is showing that China only imported 7.8 million barrels a day.
It seems to us that China was able to slash oil imports without...
visible disruptions to his economy.
You know, cars are still running on the street.
People are still traveling.
Toilet paper is still there.
And China is probably the country that prepared a lot for this exact moment.
been stockpiling crude oil for months, if not years, mainly by buying up cheap Russian and Iranian oil.
China, for the record, doesn't quite publish its actual stockpiling, but analysts estimate it to be between 1 to 1.4 billion barrels, which is multiple, multiple months of imports.
And then the EV penetration in China is pretty high.
It's over 60% by the most recent estimate.
So people are able to just consume less gasoline in general.
So China actually relies on coal quite a lot for generating electricity.
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