Chinese officials are describing a “new normal” in an economy slowing from a long period of double-digit growth. For Russia, sanctions pressure in response to crises in Ukraine and the decline in crude oil prices is pushing the country toward recession. Chen Bo, head of the oil trading subsidiary of China Petroleum & Chemical Corp., said from a bilateral energy forum in Beijing both countries would remain strong energy partners . “Compared with 2014, Russian oil exports to China will be approximately the same in 2015 or slightly higher,” he said. Russian President Vladimir Putin described the 2010 launch of the East Siberia-Pacific Ocean oil pipeline as a strategic victory for a Russian energy sector looking to capitalize on Asian economy success. The Chinese […]