Oil Demand Set To Climb As China’s Economy Finally Rebounds
https://oilprice.com/Latest-Energy-News ... ounds.html
China’s economy appears to be leaving behind the early faltering of the reopening, with manufacturing, construction, and export orders rebounding sharply in February, in a sign that the world’s top crude importer could soon start seeing a jump in oil demand.
The Chinese manufacturing purchasing managers’ index (PMI) jumped to 52.6 in February from 50.1 in January, data from China’s National Bureau of Statistics showed on Wednesday. The surge in factory activity was the fastest in over a decade—the highest figure since April 2012.
The index for non-manufacturing sectors, including construction and services, also jumped, signaling an overall expansion of the Chinese economy in February and possibly a faster-than-expected rebound after the reopening from the ‘zero-Covid’ policies which the country ditched at the end of last year.
Oil Demand Set To Climb As China’s Economy Finally Rebounds
-
Civilization
- Posts: 38
- Joined: Wed Mar 01, 2023 8:51 pm
Oil Demand Set To Climb As China’s Economy Finally Rebounds
A civilization is any complex society characterized by the development of the state, social stratification, urbanization, and symbolic systems of communication beyond natural spoken language (namely, a writing system).