Thinking About China
Opinion

China Refuses to Cooperate With US and Allies on Oil

China Refuses to Cooperate With US and Allies on Oil
U.S. President Joe Biden meets with Chinese leader Xi Jinping during a virtual summit from the Roosevelt Room of the White House in Washington on Nov. 15, 2021. Mandel Ngan/AFP via Getty Images
Antonio Graceffo
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News Analysis
President Joe Biden recently reached out to Chinese leader Xi Jinping, asking him to join with U.S. allies in releasing oil reserves, in order to fill a shortage, bring down prices, and challenge OPEC’s influence on the global economy. So far, Xi has refused.
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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