Import Data News
- March oil imports up 8.8 percent
Date: 26-Apr-2007 Sources: (Shenzhen Daily)
CHINA'S oil imports in March were up 8.8 percent from a year earlier to 13.9 million tons, State media reported yesterday.
In contrast to growing imports, the country's crude exports slumped 83.2 percent on the year to just 218,988 tons, a China Daily report said, citing the General Administration of Customs. The trade pattern is set to continue for the rest of the year given surging domestic demand and increasing cost of production in the country, the paper said. The report said that oil imports may rise 10 percent for the full year, four percentage points lower than in 2006, with government policies aimed at boosting energy conservation and bringing down fuel consumption.
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