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Teapots take up the slack, but...

. . . notwithstanding optimism about Chinese oil imports, there are three key risks that could result in oil demand growth slowing in the foreseeable future.

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Eastern Shandong province is home to 80 per cent of all teapot refineries in China.

ONE of the big mysteries that have piqued market interest is China's enduring thirst for crude oil amid its slowing growth trend. Empirically, China's GDP growth has, since March 2011, slowed from its earlier double-digit pace, easing to 6.7 per cent in the first half of 2016. On the other hand