As China's demand for crude oil rises to a record 10.58M bbl/day, it seeks to cap its dependence...


As China's demand for crude oil rises to a record 10.58M bbl/day, it seeks to cap its dependence on foreign crude to 61% and its electricity consumption to 6.15T kilowatt-hours by 2015. The rise in demand is linked to the pickup in China’s economy, which grew at a 7.8% clip in Q4, and higher growth is expected in 2013, thus throwing into question the country's best-laid plans.
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