China paid much for the rising oil price in 2006

Chinanews, Beijing, January 15 – China imported 145. 18 million tons of crude oil and 36.38 million tons of refined oil in 2006, for which China spent some $15.2 billion more than in 2005 due to the sharp rise of international oil price.   The import volume of oil to China hit a new high last year, and so was the money she paid for it.   Currently, China is the third largest oil importer, next to the US and Japan.