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China saves on oil with switch to high-speed rail

Global crude demand growth forecasts may be over-optimistic

| China
China's high-speed railway network is chipping away at oil use, affecting jet fuel and gasoline consumption.   © Reuters

It is that time of the year when millions of Chinese have crisscrossed their country to be with their families for the Lunar New Year festivities, joining what has been tagged as the world's largest human migration.

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