China turns product exporter

摘要

China became a net exporter of products for the first time in at least 10 years in December.Net product exports were 370,000t in December, or about 90,000 b/d, according to preliminary Chinese customs data (see table). This is nearly 540,000 b/d less import dependency than 12 months earlier, and puts net product imports at 365,000 b/d for the whole of last year, down by more than 120,000 b/d on 2008.