EIA: China is now the world’s largest net importer of petroleum and other liquid fuels
Green Car Congress
MARCH 26, 2014
The rise in China’s net imports of petroleum and other liquids is driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth. In the meantime, Chinese production will increase at a much lower rate (5% over this period) and is forecast to be only one-third of US production in 2014.