Asia Comes of Age
The global financial crisis of 2008 to 2009 aptly illustrated the resilience of the Chinese economy through its government's massive stimulus spending equivalent to US$586 billion designed to jumpstart its economy and any other economy supported by the Chinese economy. Today, there isn't a major industry not impacted by China's seemingly insatiable consumption of commodities, autos, and energy.
China has become a force to be reckoned with in energy circles. China's demand for crude and crude-related products will buoy both near- and mid-term crude oil demand. This translates into healthy crude oil demand coming out of one of the most robust global economies. This also means that the Chinese industrial sector is rapidly expanding ...
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