Impact of Property and Auto Sectors on China's Oil Demand Growth
Wednesday, 28 February 2024, 00:56
The Impact of Struggling Sectors on China's Oil Demand Growth
China's oil demand is facing challenges as the property and auto sectors continue to struggle. The forecast by Eurasia Group suggests that the growth rate will be significantly lower compared to pre-Covid levels.
Key Points:
- China's oil demand growth may not return to previous levels.
- Eurasia Group predicts a slowdown beyond 2024.
- The struggles in property and auto sectors are major contributors.
Understanding the impact of these challenges is crucial for stakeholders in the oil market and related industries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.