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China becomes world's top crude buyer despite stuttering economy

Low prices and Beijing's series of interest rate cuts in a bid to stoke growth are factors boosting oil demand

Published Mon, May 11, 2015 · 09:50 PM
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Singapore

CHINA overtook the United States as the world's top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities markets.

The soaring imports came as a surprise as growth in t…

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