Over the last decade, China has been the most important driver of commodity markets, particularly crude oil, due to its exponentially growing economy. However, over the last year, the country has consciously moved away from an energy-intensive economic growth to a service-dominated economy. Due to this fundamental shift, the country’s energy consumption has come down significantly. Further, with the concerns raised in the recent climate summit in Paris (COP21), China is likely to reduce its ca...
Over the last decade, China has been the most important driver of commodity markets, particularly crude oil, due to its exponentially growing economy. However, over the last year, the country has consciously moved away from an energy-intensive economic growth to a service-dominated economy. Due to this fundamental shift, the country’s energy consumption has come down significantly. Further, with the concerns raised in the recent climate summit in Paris (COP21), China is likely to reduce its ca...
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