Niu Li Quotations

Obviously, the so-called 'Chinese factor' is not the main driving force behind the soaring global oil price.

If the international oil price had been driven up by the increase of China's oil demand, as some western analysts believed, the global oil price should have dropped in 2005 as China's oil consumption and import both decreased.

The very core of the energy price reforms, apart from ensuring domestic fuel supply, is energy conservation.

The oil prices will break through 80 U.S. dollars per barrel recently.

This means that the intrinsic power of the economy mainly market forces instead of factors outside the economy was having a greater influence, which was a good thing.

It reads very clearly to me that the Ministry of Finance has done the homework and ready for implementation.