China’s Oil Import Surge May Not Mean Economic Rebound ...Middle East

Economy by : (OILPRICE) -
China imported in August record volumes of coal and the third-highest monthly amount of crude oil ever. But the recent surge in the imports of major commodities could be masking one-off temporary factors instead of a rebound in China’s economic growth in the second half of the year. Analysts have been closely tracking the growth pace of the world’s second-biggest economy in search of clues about oil and other commodity demand. In a disappointing first six months after the reopening from the Covid-related lockdowns, China failed to convince…

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