(EnergyAsia, March 21 2012, Wednesday) — As part of its great economic rebalancing act, China appears to be reducing its US dollar holdings, de-emphasising exports and increasing oil imports that contributed to a larger-than-expected trade deficit of US$31.49 billion for February, its biggest monthly on record.Even taking into account reduced activity during the Lunar New…
CHINA: Oil contributed to biggest record monthly trade deficit in February
Posted on March 21, 2012 by EnergyAsia