Is the oil rally real?-—commentary: "According to China Oil, Gas & Petrochemicals, China's gasoline and jet-fuel demand were both up more than 20 percent in July from a year earlier, and crude demand was up more than 6 percent. At the same time, the China Association of Automobile Manufacturers reports auto sales for August fell by 3.4 percent year on year. What's the right interpretation? Are we to conclude that China has a hot economy, or is it sliding into some kind of recession? "
'via Blog this'
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