"If a person doesn’t understand how badly the energy situation is working out for China, or how important energy consumption is, it is easy to think that the problems China is facing are primarily tariff-related. In fact, China’s situation is a very worrisome one, with or without tariffs being added"
Seven Reasons Why We Should Not Depend on Imported Goods from China
by
It seems to me that the situation in China is far different from what most people think it is. Even if we would like to depend on China, we really cannot.
Reason 1. When we depend on goods from China, an amazingly large share of the world’s industrial activity gets concentrated in China.
The five largest users of energy in the world are China, the United States, India, Russia, and Japan. The International Energy Agency shows total energy consumption as follows for the year 2016:
When these countries are compared, restricting our analysis to the portion of energy used by industry, we find the rather disconcerting result shown in Figure 2:
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TURNING FASCIST AND TAKING TIBET
