| China is not Iraq. It's insane to compare the two. Europe was okay with the first invasion of Iraq because they frankly had very little to lose and a lot to gain. Meanwhile suiciding the EU economy by cutting off Chinese exports would hurt the EU a lot more than it would hurt China and certainly much more than the invasion of Kuwait. In any case I'd recommend reading what Chinese generals write on the subject. For the exact same reason as you cited they don't want to invade Taiwan unless "necessary" until the balance of trade shifts far more into the Chinese side. Yet when confronted on the possibility of doing it now they make a very solid point. China is the only country in the world that produces everything it needs for daily operations, without a single exception, in one way or another. That is to say, in the Chinese calculus, the EU and US cutting themselves off of Chinese trade would hurt the former more in the short term and medium term than it would hurt China, and their arguments for it are compelling. Beyond that, the truth is that there is a lot more to the economy than the EU and the US. China would still trade with Russia, Africa, South East Asia, almost definitely South Korea, and most of Central and South Asia. The real thing that is at issue in Chinese military planning is not a voluntary embargo, it's a blockade by the US. But even the ability for the US to execute such a maneuver is already questionable and dwindles every year, and it would assuredly royally piss of the entirety of the world and definitely kill millions outside of China from economic dysfunction. |
Tell me what I'm missing about their domestic oil industry then, because everything else I'm reading tells me they need to import around 10 million barrels of crude oil a day (primarily to produce gasoline and diesel, so it's very hard to substitute).