# China's Oil Demand Declines, But Economic Resilience Persists

*China's oil demand has decreased by 9%, yet its economy remains stable.*

June 13, 2026 · business

## At a glance

- China's oil demand has dropped by 9%.
- The economy remains stable despite reduced oil demand.
- Consumers are shifting towards electric vehicles and public transport.

China's oil demand has decreased by 9% compared to pre-Iran war levels, according to JPMorgan. Despite this significant drop, the economy has not collapsed. This contrasts with the 2% global decrease during the 2008 financial crisis. China's resilience is attributed to strategic oil reserves and a shift towards electric vehicles and public transport.

## Shift in Consumer Behavior

Consumers in China are increasingly opting for electric vehicles (EVs) and public transport over fossil fuel-dependent cars. This shift is driven by rising fuel prices and a growing awareness of alternative energy sources. The trend is also visible in other parts of the world, indicating a potential long-term reduction in global oil demand.

## Historical Context

Similar shifts occurred during the 1973 oil crisis, leading to lasting changes in energy policies and consumer behavior. The current crisis may similarly result in permanent changes in oil consumption patterns.

---
Source: https://pulsetoday.com.bd/en/business/china-oil-demand-economy-resilience