business 🚢 Malacca dilemma: Is China still reliant on the strait?
Indian naval planners should analyze China's current capabilities, not its past vulnerabilities. The Strait of Malacca is a key choke point for China's seaborne oil, historically crucial for its energy lifeline. As of 2024, China imported about 11.1 million barrels of crude oil daily via this route. However, China has diversified its energy sources and built massive strategic reserves over the last two decades. This strategic shift significantly reduces the coercive value of a Malacca blockade today. ⛽