@CardanoRami Delegate to @goofy_crisp now if you haven't done so or want to change Drep
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drep1ygxasnzmrevqra9vscpsy4xf4rqthzkp6rr6zzft2lc7nscahj9r9
China has been concerned about the block of Strait of Malacca for decades. The concern of US Navy blocking the area to strangle China has been haunting multiple generations of Chinese leadership. If that is blocked, China will be cut off from Persian Gulf energy. Chinese leadership went to work on countermeasures since early 2000s to reduce the risk
China has implemented multi pronged strategy
1. Diplomatic: Enhance relationships with Malaysia and Indonesia, the 2 countries that controlled Strait of Malacca.
2. Military: Develop a blue ocean navy and long range missiles that can protect trade in the Strait of Malacca
3. Economic: Reduce reliance on import from Strait of Malaca. In energy, push for electricity and renewable based economy (PV, Nuclear, EV, etc) is to reduce reliance on crude oil imports through the Strait of Malacca
4. Infrastructure: China invested heavily to build alternative trade routes, from Gwadar port in Pakistan to rail and road infrastructure to all trading via different sea routes and land corridors
5. Alternative supply bases: China also build redundant supply base in getting food, minerals and energy from Russia, Central Asia and other places to reduce dependency
Iran conflict highlights the vulnerability of trade routes and the impact of any disruption. China’s decades long preparation pays off compares with other nations that are caught off guard.
@CardanoRami Delegate to @goofy_crisp now if you haven't done so or want to change Drep
Goody's Drep address:
drep1ygxasnzmrevqra9vscpsy4xf4rqthzkp6rr6zzft2lc7nscahj9r9