Understanding China, One Blog at a Time

An American in China

China’s Oil Dependence Worsens

Posted by w_thames_the_d on January 25, 2011

Looks like China better cozy up to more oil producing nations.

from chinadaily.com

“China reported a record surge of crude oil imports in 2010, buying more than 200 million tons of overseas crude. The country’s overseas crude dependence ratio surpassed 55 percent, the Economic Information reported Monday, citing an industry report.”

One Response to “China’s Oil Dependence Worsens”

  1. Richard Seeto said

    So barking what?

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