China’s Economy Is Picking Up, But Oil Demand May Disappoint ...Middle East

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China’s Economy Is Picking Up, But Oil Demand May Disappoint
source : OILPRICE ( Middle East ) () 51
China’s economy grew by 2.2 percent on a seasonally adjusted basis in the first quarter (Q1), a massive improvement on the previous quarter’s 0.6 percent growth. Also positive from the economic perspective was that this was the third straight quarterly expansion after China began to ease COVID-19 restrictions in the second half of last year. This said, unlike much of China’s stellar economic growth from the mid-1990s to before the COVID-19 pandemic hit in 2020, this growth may not translate so directly into equally startling rises…

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