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Even the missteps of the American Madman can have a positive aspect.
China still relies less on foreign energy sources than most large nations, but it has vulnerabilities worth exposing from time to time.
This degree of dependence is far lower than that of major European industrial nations like Germany, Italy, and Spain, as well as neighbouring Asian economies like Japan, South Korea, and India.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.