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Sinking OIl Prices Cut Both Ways for China

As oil prices slide, China, the world’s largest importer, is benefiting in many ways. But analysts say as long as the slide continues, the risks and challenges that Beijing faces could mount. According to government statistics, China’s oil imports grew by nearly 10 percent last year, to nearly 2.3 billion barrels (308 million tons). As prices have fallen from around $115 a barrel in June to less than $50 this week, importers are saving tens of billions of dollars. Officials say the...

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