China Urged to Cut Back on Oil Exports

China should beef up its maritime oil transport capacity and cut back on exports of crude oil to help ensure stable supplies, officials said in reports published Saturday.

China’s oil shipping capacity of 12 million deadweight tons lags far behind Japan’s, at 37.5 million deadweight tons, and that of the United States, at 29 million deadweight tons, the official Xinhua News Agency reported.
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