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Affected by the deceleration of world economic growth and the country’s macro-control measures, China’s economic growth rate has declined this year. In the first half of the year, China’s GDP increased by 10.4% year-on-year, 1.8 percentage points lower than the same period of the previous year; the growth rate of industrial added value fluctuates, and the industrial added value in August only increased by 12.8% year-on-year, 3.5% lower than the first half of the year. Percentage.
The International Monetary Fund recently adjusted its global economic growth forecast for the current year and the next two years to 3.9% and 3%, respectively. The economic growth rate for the next year has fallen by 0.7 percentage points from its most recent forecast.
For some time in the future, on the one hand, due to the further decline of the world economic growth, some factors that are unfavorable to China’s economic growth will still exist to varying degrees; on the other hand, the country has already further and appropriately revised its economic policies to maintain steady economic growth. The growth rate will show steady declines.
In the next two months, China's oil demand will increase by about 4% year-on-year
According to the forecast of CNPC experts, due to factors such as the deceleration of economic and high energy-consumption product output, and the high price of refined oil, the future growth of China's oil demand will steadily decline. It is expected that China's oil demand will increase by 4% over the next two or three months.