Chinese oil imports in the month of May would have gone up in anticipation of declining trend of crude oil prices and enhancing their oil inventories.However,set back in the manufacturing sector and debt crisis in Euro zone has impacted it's economy and the the 2nd Qtr GDP growth has declined to 7.2 % ,which would invariably, their demand for oil would come down in the near future.
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Chinese oil imports in the month of May would have gone up in anticipation of declining trend of crude oil prices and enhancing their oil inventories.However,set back in the manufacturing sector and debt crisis in Euro zone has impacted it's economy and the the 2nd Qtr GDP growth has declined to 7.2 % ,which would invariably, their demand for oil would come down in the near future.