this post was submitted on 30 Mar 2026
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Why Goldman Sachs says China's economy is better than the US in handling oil shock (au.finance.yahoo.com)
submitted 21 hours ago by yogthos@lemmy.ml to c/economics@lemmy.ml
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[–] ShinkanTrain@lemmy.ml 1 points 16 hours ago (1 children)

Is the answer "because it is"?

[–] yogthos@lemmy.ml 2 points 16 hours ago

More specifically because China is a planned economy with a competent government in charge. They saw this looming decades away, made plans to insulate themselves, and put them into action.

[–] UnrefinedChihuahua@lemmy.dbzer0.com -2 points 21 hours ago (1 children)

Aren't they the largest consumer of coal by a longshot?

[–] ShinkanTrain@lemmy.ml 1 points 16 hours ago

They are the world's second largest consumer of oil, behind the US, followed by India.