Are rising oil prices threatening China growth?
Not for the moment but there is caution building that international oil pressures could start dampening growth.
Here's more from BBVA:
China’s second fuel price increase for the year is a reminder of the latest headwinds to growth from rising international oil prices. Today’s increase amounts to a 7% rise in gasoline and diesel prices, on top of a 3% increase announced in early February. As much of China’s energy consumption is based on coal, which has not risen in tandem with oil prices, the fuel price hikes are expected to have only a limited impact on growth and inflation (petroleum products account for only 0.5% of the CPI basket).