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China In-Focus — Gasoline exports plunge; LNG imports dip; JD.com posts slowest growth ever

News Snapshot:

BEIJING: China’s May gasoline exports fell 45.5 percent from a year earlier and diesel exports plunged 92.7 percent despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed on Saturday. China exported 840,000 tons of gasoline last month, data from the General Administration of Customs showed, down from 1.55 million tons in May 2021 and 980,000 tons in April. Diesel exports sank to 120,000 tons from 1.68 million tons a year earlier and 530,000 tons the previous month. LNG imports slide China’s imports of liquefied natural gas dropped 28 percent on the year to 4.93…

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