After Gold, China Begins Stockpiling Oil: Here's the Reason
After buying tonnes of gold worth billions since 2022 and diversifying their assets in the central bank, China has now started accumulating oil in 2025. The latest data shows that Chinese crude oil imports surged 7.5% from a year earlier to 11.69 million barrels per day (bpd). The steep increase in purchases comes after the WTI has been trading between the $60 to $65 mark this year. Also Read: Goldman Sachs Pours $1.4B Into BlackRock’s Bitcoin Fund in Q1 Surge Read here to know how low oil prices could crash this year, according to a prediction from Goldman Sachs. China is bullish on the oil sector despite the dip and has different plans for its future prospects. The Communist country is positioning itself in a combative mode from global threats, including trade wars and tariffs. This makes it stay ahead of the curve from all dangers that affect its economy. Also Read: De-Dollarization Gains Momentum: 50+ Countries Abandon US Dollar Dominance China Starts Stockpiling Oil: Here’s W...