During 2015, China was the largest importer of oil in the world. In August 2015, China lowered the value of its currency. What was likely to have happened?
- AThe price of China’s exports fell and world oil prices rose as China’s demand decreased.
- BThe price of China’s exports rose and world oil prices fell as China’s demand increased.
- CThe price of China’s imports fell and world oil prices rose as China’s demand increased.
- DThe price of China’s imports rose and world oil prices fell as China’s demand decreased.