Platts' monthly survey of Chinese oil demand can be found here, and it is more of the same: still hanging in at a per annum rate of increase in excess of 18%.

In its recent monthly report, the International Energy Agency said China would see its demand rise 5% to 9.79 million b/d in 2011 from 9.34 million b/d in 2010. There's a big difference between 5% and 18%. There's also a big difference between 5% and 7%, and the latter figure if what Chinese demand rose just from November to December. So for that 5% target to be hit, the rate of growth is going to have to slow by a tremendous amount.

 

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