No way out for Chinese enterprises…Chinese bear the Pain of war in the Middle East

#Chinadeepdive

Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is:
"Teapot refinery" is the Western media's term for small-scale oil refineries in China, which the Chinese call "local refineries." Most are privately owned, with small crude oil processing capacity and a limited product range. These refineries are now facing a nightmare. As the US takes action to pressure Iran by blocking ports and intercepting oil tankers, it is also targeting these so-called "teapot refineries," which absorb almost all of Iran's oil exports. This episode focuses on this issue.
No way out for Chinese enterprises…Chinese bear the Pain of war in the Middle East

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