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What China's Growing Geopolitical Power Means For Energy Traders

Trading is always short-term in nature. Even if you are swing trading, positions are rarely carried for more than a few weeks, maybe a month or two, which may seem like a very long time when you are watching and waiting for a move but is, in the grand scheme of things, merely a blink of an eye. That doesn’t mean, though, that long-term factors aren’t important. In fact, whether consciously or not, every decision a trader makes is based to some extent on a long-term view that inevitably comes from following news and data relevant to the market.

That is why I occasionally take a step back from the intraday and consider long-term trends and influences. Doing that has recently led me to a somewhat scary, if not completely original conclusion. China’s influence around the globe has been growing steadily for twenty years or so, but the rate of growth has really ratcheted up over the last five or six years and we are not far from where it is they, not the US, that is seen as the dominant global power. That is particularly noticeable when it comes to energy, where it could even be argued that the shift has already taken place.

China has taken the lead in developing several alternative energy sources, most notably solar power, where they are by far the world’s largest producer of photovoltaic cells, controlling around three-quarters of the world’s total output. But they also understand something that some advocates of green energy here in the…

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