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The year of 2006 saw the petroleum imports increase considerably in China since the rapidly developed economy had an urgent demand for fuels.China’s economy has been developing at the high rate of more than 10% for four consecutive years since 2003.The gross domestic product(GDP) rose by 10.7% in China in 2006,which is the highest speed since 1999.China’s demand for oil products increased more rapidly in 2006 than in 2005 and its apparent demand for main oil products was 6% higher,which was almost equal to the increment of the processing capacity of domestic oil refining plants. China’s import of crude oil has been rising for five consecutive years due to the increased processing and refining capacities.
The year of 2006 saw the petroleum imports increase considerably in China since the rapidly developed economy had an urgent demand for fuels. China’s economy has been developing at the high rate of more than 10% for four consecutive years since 2003.The gross domestic product ( GDP) rose by 10.7% in China in 2006, which is the highest speed since 1999. China’s demand for oil products increased more rapidly in 2006 than in 2005 and its apparent demand for main oil products was 6% higher, which was almost equal to the increment of the processing capacity of domestic oil refining plants. China’s import of crude oil has been rising for five consecutive years due to the increased processing and refining capacities.