Gideon Lo
Gideon Lo
bid china cooperate difficult india needs win
India needs to cooperate with China more than China needs India, because it is difficult for India to win over China when they bid for assets.
crude despite economy global greenspan level resilience soaring suggesting tolerance
Greenspan said that the U.S. economy had showed resilience despite soaring global crude prices, suggesting that the tolerance level of the U.S economy is much higher.
balanced concerned consumer government key market signals society tax
Consumer tax is one of the key signals for government to tell the market they want society to be more concerned about the balanced use of energy.
austerity china concern correction created crude market policy price sentiment side small
The new austerity policy has created a small concern on the China side and there is a correction in the crude price overnight, so the market sentiment right now is not very good.
invest synergy
There is a synergy effect. CNPC will invest a lot in the infrastructure.