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Stock impact report

Deutsche Bank Declares China Energy ‘Winner' in New Era of War 1 / 3 [Yahoo! Finance Canada]

Barclays PLC (BCS) 
to Jacky Tang, emerging markets chief investment officer at the private banking arm of Deutsche Bank AG. “China is the winner in this war from an economic standpoint, from an energy mix standpoint,” he said in an interview. The prediction feeds into a complex picture. Bruegel, a think tank, says China's reliance on oil imports from Iran is set to pose a “severe test” for its energy strategy. At the same time, the country's status as the world's largest producer of clean tech puts it in a unique position to help governments now desperate to wean themselves off Middle East imports, according to the Deutsche Bank executive. Longer term, Tang says “everybody knows” that the world “cannot rely on oil.” He says it's a realization that will force a reset in Asia, the biggest importer of Middle Eastern oil. Japan, Korea and India are now all more likely to look for ways to diversify their energy mix, and the equipment needed to achieve that diversification will inevitably come from Ch Show less Read more
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