Bruce Jefferson
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Bruce Jefferson in Commodities,

Chinese Oil Demand Is 'Looking More Like A Vomiting Bear'

China's economy isn't growing as fast as it used to. The economy grew 6.7 percent in the second quarter, which falls short of 2015's 6.9 percent growth rate, which also happens to be its slowest pace of growth in a quarter century.

Nevertheless, the economy is still growing and many assume that Chinese oil demand to fuel growth is particularly strong. However, according to Bloomberg Gadfly's Liam Denning, China's oil demand is "looking more like a vomiting bear" than a "ravenous bull."