Uploaded August 2026 | Updated September 2026, 3 weeks ago
"The big surprise has been China," says Spillover host Sebastian Mallaby. "Because of good reserve management, because of its statism, because of its ability to take centralized decisions, China showed that it can cut oil imports by fully fifty percent and not have a recession. That's how resilient the Chinese system is." In this episode of The Spillover, hosts Sebastian Mallaby and Rebecca Patterson discuss how China quietly built up its energy resilience ahead of and during the Iran War.
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This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy.
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"The big surprise has been China," says Spillover host Sebastian Mallaby. "Because of good reserve management, because of its statism, because of its ability to take centralized decisions, China showed that it can cut oil imports by fully fifty percent and not have a recession. That's how resilient the Chinese system is." In this episode of The Spillover, hosts Sebastian Mallaby and Rebecca Patterson discuss how China quietly built up its energy resilience ahead of and during the Iran War.
Watch or listen to this episode of The Spillover wherever you get your podcasts.
Subscribe to The Spillover newsletter at cfr.org/newsletters/#podcasts
Subscribe to our channel: goo.gl/WCYsH7
This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy.
Visit the CFR website: cfr.org
Follow CFR on X: twitter.com/cfr_org
Follow CFR on Facebook: facebook.com/councilonforeignrelations
![Jamie Dimon on Mark Carney’s ‘fantasy’ and Europe’s economy
“When Mark Carney said, ‘The middle powers should get together’—it’s a fantasy. They did that, it’s called Europe,” says Jamie Dimon, chairman and CEO of JPMorganChase. “The GDP of Europe has gone from 90% of America to 70%. And in our view, it will probably continue to erode over time because [of] high taxes.
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This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy.
Visit the CFR website: http://www.cfr.org
Follow CFR on X: http://www.twitter.com/cfr_org
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