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Concerns over import dependency force China’s energy firms to search for other fuel sources.For example,China’s crude imports surged to a record in December 2014after a buying spree in Singapore by a state-owned trader and as the government in Beijing accelerated stockpiling amid the collapse in global oil prices.For 2014,the country’s crude imports rose to 310 million tons,also an all-time high.Chinese demand is shoring up the global oil market as the country expands emergency stockpiles amid
Concerns over import dependency force China’s energy firms to search for other fuel sources.For example, China’s crude imports surged to a record in December 2014 after a buying spree in Singapore by a state-owned trader and as the government in Beijing accelerated stockpiling amid the collapse in global oil prices. For 2014, the country’s crude imports rose to 310 million tons, also an all-time high. Chinese demand is shoring up the global oil market as the country expands emergency stockpiles amid