[Zhang Fei]

It also makes obvious the fact that conservation simply can't reduce the price of oil.

The government is subsidizing Chinese consumers to the tune of tens of billions of dollars per year. I gotta think this kind of thing is unsustainable over the long run. The Chinese economy isn't growing at a 16% annual rate.

[fightinbluhen51]

Nope, matter of factly, as it said in the article, it’s growing at a 10.x% rate.

[NRG1973]

The government is subsidizing Chinese consumers to the tune of tens of billions of dollars per year. I gotta think this kind of thing is unsustainable over the long run. The Chinese economy isn't growing at a 16% annual rate.

The Chinese sell us a lot of manufactured goods...they can simply increase the price of those goods to pay for the oil they need. We, on the other hand, do not have any factories to make our own products...and even if we did, we don't have the oil to run those industries. This is the downside of relying on China for so much of our manufactured goods.

[familyop]

"The Chinese economy isn't growing at a 16% annual rate."

It has been growing annually at over 10% for a quarter century. And yes, China can raise prices and has been doing so.