What many Westerners do not think about is that China has spent decades working with long term plans, five years at a time, but tied to goals 10, 20, 30 years and further ahead, constantly evaluating and adjusting them. We make long term plans in the West too, but every few years governments change, priorities change, and expensive projects can be delayed, changed or abandoned before they are finished. And just look at oil right now. One reason we are not seeing 150 or 200 dollar oil is China. They built enormous oil reserves while also investing heavily in EVs, electrification and alternative energy, so their dependency on oil is slowly easing. When the crisis came, they were far better prepared than most.
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