New China Study Shows Oil Demand Pace Slowing Down by Almost 60%
China, the most populous country with an economy second only to the U.S, is indeed shifting gears. Economic growth has slowed significantly and increasing instability in the financial markets (the recent volatility in the stock market is an example) hints at structural problems that may have more profound implications than just a slower economic growth rate. China’s new leadership faces the daunting task of bringing China to a new normal both economically and politically while avoiding the “middle-income trap” and continuing to play a larger role in global political and economic events.
ESAI Energy’s new multi-client study Balancing Act: China’s Energy and Oil Market to 2030 provides detailed analysis of China’s geopolitical and economic developments and their impact China’s energy mix and oil demand.