Middle East Economic Survey


No 35


Chinese Demand Growth Slowing Significantly, Says FACTS

Reliable data for the first half of 2005 shows that Chinese products demand growth has been slowing down significantly, according to Honolulus FACTS Inc. In the report Reassessing Chinas Petroleum Product Demand In 2005, published in mid-August, FACTS analyst Kang Wu says that after an unprecedented rise of nearly 15% in 2004, Chinese demand growth for 1H05 has been 5%, and for 2005...