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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (9129)7/13/2004 5:27:28 AM
From: zonder  Read Replies (1) of 116555
 
Yiwu - I read a while back that last year, China's demand for oil grew twice as much as its GDP growth. [In previous years, apparently, oil demand growth was parallel to GDP growth] The analysis I read was saying that this is an indication that China was building strategic oil reserves throughout this year.

I would be interested to hear what you think about this. Is China's oil demand that much higher than GDP growth this year? Was China building up a strategic oil reserve? If so, is this build-up over now?
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