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Infographics: Economics
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  • Prolonged high prices exposes the vulnerability of energy-dependent countries
  • Australia and Indonesia are among the beneficiaries as their markets are holding up amid the downturn since Russia invaded Ukraine

The world’s dependence on China for goods comes into sharp focus as the coronavirus pandemic lays bare vulnerabilities in the global supply chain.

For more than a century, coal was the centre of life for the residents of Fushun, 50km from the Liaoning provincial capital of Shenyang, earning the city the nickname “capital of coal”.

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The “Belt and Road Initiative” was announced by the Chinese government in 2013 as a global trade strategy based on the ancient Silk Road trading route.