ZeroHedge reports that last month Beijing increased oil imports by 10 percent from April, topping Feburary’s record high imports. It seems that China is stockpiling to brace for both economic and political turmoil.This says two things: First, that China needs to park its cash somewhere—and not in USD. It’s also not parking its cash in euros as a result of the economic turbulence in Europe. Parking it in oil makes sense. It also shows that China thinks there is a not-so-small chance of war with Iran. What better use of all that liquid cash than to hoard acorns for the oncoming winter?