The Georgetown Journal of International Affairs published on 22 March 2023 an analysis titled "China's Economic Security Challenge: Difficulties Overcoming the Malacca Dilemma" by Lucas Myers, Wilson Center's Asia Program.
Ninety percent of China's trade and 80 percent of its oil travels by sea. During time of war, China fears a possible blockade of the sea lines of communication (SLOCs) through the Indian Ocean choke points of the Suez Canal/Red Sea and Strait of Malacca. Mitigating this dilemma is an increasingly important element of China's naval strategy.