How They Hid The Economic Collapse of China (A 40% Collapse in Months)

China just cut oil consumption by a staggering amount — and almost no one is talking about it.

In this episode of Based Camp, Malcolm and Simone break down the data showing China was responsible for ~74% of the entire global decline in crude oil imports during the recent Iran conflict. Seaborne imports down ~40%. Refining runs crushed. Oil prices that should have spiked instead collapsed back toward pre-war levels the moment a temporary peace deal was signed.

Official explanations (strategic reserves, EV adoption, buyer strikes, commercial margins, Taiwan blockade drills) don’t hold up under scrutiny. The numb...