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China GDP vs oil & gas demand growth

China's 2018 economy grew at its slowest pace sińce 1990, while its imports for oil and liquefied natural gas (LNG) hit new record highs. But a surge in petroleum exports implies China imported morę fuel than it can absorb.

CHINA ANNUAL GDP GROWTH

(percent change from previous year)

20

15

1995    2000    2005    2010    2015

CHINA TANKER CRUDE OIL IMPORTS    CHINA LNG IMPORTS

(million barrels per day)    (million tonnes)

12    8

2016    2017    2018    2019    2016    2017    2018    2019

CHINA REFINED PRODUCTS EXPORTS

(million tonnes)

8

Sources: China customs data, Refinitiv Henning Gloystein | REUTERS GRAPHICS