China's oil demand growth to shrink by a half in 2016

摘要

After high year-on-year growth in China's oil demand in 2015, analysts are expecting the increase will slow to 2-3% this year due to weakening industrial and construction activity. China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, when it was recorded at 7.1%, according to Platts calculations based on official data.