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China's imports of petroleum were a major factor behind the price of oil breaking the fifty dollar per barrel mark at the end of September. China's growing demand for international commodities comes partly from years of intensive foreign investment in its manufacturing base. With all that money pouring in, China's economy has been growing at a rate of about 9 % a year. The Chinese are rushing to build new factories and office buildings, and the country's reserves of crude oil and coal cannot support the demand for electricity and gasoline to power millions of cars and trucks cranked out every year...
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