China's crude oil imports fall

China's crude oil imports fall

Ceres Broker Jane Yang

The General Administration of Customs revealed that China's crude oil imports in H1 dropped 1.4% compared to the same period in 2012. Based on preliminary data, China imported 138.17 million megatons of crude oil from January to June and exported 30,000 tons of crude oil during the same period. June imports were at 22.17 million megatons, or 7.4% lower than what was imported in May, according to Chinese state run media.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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