Why the Iran war will cement China’s superpower status

Here are five reasons why I think the Iran wall cement China's superpower status even though it is the world's biggest oil importer. Reason one, China has a diverse energy mix with multiple suppliers and decent stock piles that can protect its industries from the global oil and gas price shock. This could make the country's exports more competitive.China's reserves of key raw materials also mean it can act as a supplier of last resort for nations reeling from the conflict. Reason two, China's long bet on cl ...