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China chasing fuel efficiency dividend

FOR all of Beijing's efforts to shore up oil supplies around the world, there remains one major wildcard in determining just how much oil China actually needs. Improving fuel efficiency could make a major difference to China and its global oil strategy. By <b>Paul Garvey</b> in Hong Kong

China's state-owned energy giants Sinopec and CNOOC have been on a spending spree around the world in recent years, splashing out billions of dollars around the world on a variety of oil and gas assets....

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