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China economic growth seen cooling, pressures oil prices down

sharon sanders

Editor-in-Chief & President
NYMEX-U.S. crude drops on Greece, China economic worry

Mon Jun 13, 2011 4:32pm EDT


snip

* China's money growth slowed to a 30-month low in May and
banks extended fewer new loans than expected as monetary policy
weighed on bank lending. The data reinforces signs that growth
in the world's second largest economy is cooling.

[ID:nL3E7HD08U]
* China's refineries processed 34.90 million tonnes or 8.22
million barrels per day of crude oil in May, up 4.4 percent
from 2010, data from the National Development and Reform
Commission showed, representing an increase of 4 percent from
the 33.56 million tonnes in its April figures, or a 0.6 percent
rise on a daily average basis, according to Reuters
calculations. [ID:nL3E7HD0B5]

more....

http://www.reuters.com/article/2011/06/13/markets-energy-nymex-idUSN1314550820110613
 
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