TOKYO -- Experts are beginning to predict China's demand for crude oil may hit a ceiling earlier than previously forecast, as the world's second-largest economy undergoes a state-led structural shift, encouraging sales of "new-energy" vehicles and through other measures.
Although China says it is working toward a zero-carbon economy, its efforts to cut its reliance on imported oil are driven more by concerns about energy security, say analysts.
Datawatch
China's oil demand near peak as government pushes to cut imports
Move away from crude driven more by energy security worries than environmental concern
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