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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5272)	8/4/2005 2:06:56 PM
From: regli	Read Replies (1) \| Respond to of 6370

>According to the latest projection by the China Commerce Dept, China will import 130 million tons of oil in 2005, a decline of 28% from last year. < This doesn't seem right as they expect China to import 130 tons vs. last year's import of 122 million tons. "The ministry figures estimate the country will need to import 130 million metric tons of crude oil this year, a year-on-year increase of just 6.5 per cent over 2004. In contrast, last year's imports of 122 million tons of crude oil represented a year-on-year rise of 34.68 per cent over 2003. en.ce.cn I think the decline you mention is a decline in increase not an actual import decline.