China consumes oceans of oil from the Gulf and imports roughly as much from the region as India, Japan and South Korea combined.
However, China is more insulated than many of its neighbors thanks to years of policy measures that have reduced its vulnerability to energy shocks.
The country boasts an electric vehicle fleet about as large as the rest of the world's combined, vast and growing oil stockpiles, diversified supplies of oil and gas and an electricity grid that is almost insulated from imports thanks to domestic coal and renewables.
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Unilever will merge its food business with spice maker McCormick , it said on Tuesday, creating a company worth around $65 billion in the second-largest food transaction in history.
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