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Xinhua: China’s Interests in the Middle East Severely Impacted

Xinhua recently republished an article discussing how the current round of political volatility in the Middle East has impacted China’s commercial interests in that region. The article made a few key points: 1) Normal trade activities have been heavily disrupted in the areas of the import and export of goods, including the export of labor, engineering and technology, and intellectual services; 2) China’s energy supply is clearly endangered, because 50% of the oil consumed in China is sourced from the Middle East; 3) Compared to the U.S., Europe, and Russia, China does not have “a card in hand to play” under the current circumstance to effectively influence the situation in the Middle East. The article called for establishing a strategic precautionary system.

Source: Xinhua, February 28, 2011