China lifted import quotas for State-traded oil products as well as rubber, tires and auto parts as part of its commitment to the World Trade Organization.
The government will continue to impose internal controls over imported oil products in order to �retain market order�.
China's oil product imports soared 49% year-on-year to 24 million tons in the first 10 months of 2003 and prices were expected to increase in 2004 on the back of higher demand.
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