How are you planning on maintaining friendships with both Saudi Arabia and Iran? Do you know how they feel about one another?
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You shouldn't be calm. In combination with adjustments to the peg, virtually everything in China just suffered a severe pricing shock, whether in inputs or value added or outputs. This is only a small deal or a net boon for oil exporters. Fortunately, the US is one.
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higher cost of oil means more bad news for china's economy
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