China has witnessed substantial freight transport energy consumption growth in the past twenty years, and is expected to continue to be a significant contributor to global transport oil demand in the coming decades. However, the changing structure of the Chinese economy, as well as recent development in China’s freight logistical sector suggest that growth of future freight transport oil demand may not be as strong as before. As China is one of the most important buyers of oil from Saudi Arabia.
Economic Structural Change and Freight Transport Demand in China
After decades of rapid economic development, China is quickly becoming the world’s second-largest transport energy…
6th January 2021
