China is expected to remain on the growth path throughout the global slowdown being experienced in Western countries. China is being effected but not as drastically as Europe and the United States. Since China is still on the growth path it will increase its demand for commodities like oil. China will help to increase oil demand in 2009 despite the downfall we are currently experiencing.
Currently China's demand for oil has decreased 14.6% from October, and it is being predicted that things will get worse for china before they get better. In spite of all of this economists feel that China will increase its demand in 2009, which is when things are expected to start looking up for economies globally. China's demand may not make up for the global slump, but it will certainly help.
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