Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Oil imports to China plunges

by Tony Sagami on December 15, 2008

in Asian Market, Stock Market in China

China’s General Administration of Customs reported thatoil importsdropped to an average of 3.26 million barrels a day, a 17.3% decline from October.

That type of drop in demand with drastically cheaper gas prices indicates that things are really slowing down inChina.

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