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Bearish China datapoint

by: Michael McAllister July 11, 2005

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The Xingu news agency reports that imports of crude oil to China rose 3.9% in the first half of 2005 compared with the first half of 2004. This can be construed to be positive for the bullish case. However, imports of oil products (gasoline, distillates, etc.) fell 21% for the same time period.

Is demand slowing in China?

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