China's Oil Reserve: A Double Edged Sword in Global Energy Politics As President Donald Trump prepares to meet Chinese President Xi Jinping next week, a little noticed aspect of their relationship will undoubtedly be on the agenda: oil prices.
The ongoing conflict in Iran has sent shockwaves through global energy markets, and it's China's massive oil reserve that's helped temper the price spike – at least so far.
China amassed this enormous stockpile over the past decade as its rapid economic growth created new challenges for its energy sector.