Between the beginning of April and the end of June, China’s economic growth drastically slowed as the oil shock hammered domestic demand.
As we know, Chinese oil imports fell 6mb/d during the war, the largest buffer in the world,
According to official GDP data, the second-largest economy in the world expanded by 4.3% in the second quarter, falling short of Beijing’s lowered range of 4.5% to 5% in the March QTR.
