More cars ‘will push Chinese oil imports to $500bn’

China is on course to import $500 billion (£319bn) of crude oil by 2020, far outspending the US, as more of its citizens plump for their own cars. By 2020 the Asian superpower will rely on imports to meet 70% of its demand according to new analysis which predicts between 2005 and 2020 Chinese imports […]