China shifts from inventory drawdowns to normal import levels

China: China is the world's second-largest economy and a major global actor with significant influence in energy markets as the top oil importer. Beijing has drawn on its extensive commercial and strategic oil reserves to buffer domestic refiners and consumers from price volatility stemming from the Middle East conflict. Recent developments suggest the country is shifting from inventory drawdowns back toward more normal levels of import activity as market conditions evolve. Economic Policy: Chinese authorities continue to emphasize boosting domestic consumption as a core driver of growth amid ongoing structural economic adjustments. Energy Security: Beijing has prioritized drawing on built-up oil inventories to maintain steady domestic fuel supply during periods of disrupted imports.