One of Trump’s pressing concerns as he visits Beijing is how to find a way to reopen the strait of Hormuz, through which half of China’s crude oil passes.
China has been more insulated from the energy shock than other Asian countries, thanks to its diversified energy mix and large stockpiles. But the risk of a global recession – which the International Monetary Fund has warned is a possible outcome of the Iran war – is a bigger threat to China’s economy.
About a fifth of China’s GDP comes from exports. If the rest of the world is no longer able to spend money on goods, China will suffer.
The Guardian’s senior China correspondent, Amy Hawkins, has examined the biggest questions hanging over the Trump-Xi talks, which begin later today.
