Zheng Jingping
Zheng Jingping
affected crude degree high oil overall per
China's overall crude oil consumption is about 8% or 9% of world consumption and per capita consumption is a little less. So we are affected (by high prices) but the degree that we are affected is limited.
consumed country economy impact increase means oil percent price public surely
The oil price increase surely will have impact on China's economy as 40 percent of oil consumed in the country is imported, ... especially on some sectors, like agricultural means of production, oil refinery and public transport. But the impact is limited.
continue control earlier earnestly fourth implement perform policies targets year
as long as we continue to earnestly implement the government's macroeconomic control policies and perform solidly in the fourth quarter, then the long-term targets we set earlier this year will be realized.
along billion dollar enjoyed japanese knows per states surplus time traded united
Everyone knows that during the 1970s the Japanese yen traded at 380 yen to the dollar and then appreciated to 110 yen per dollar. But Japan has all along enjoyed a trade surplus with the United States and their surplus went from US$10 billion at the time to over US$80 billion.
advantage china cost last low period production surplus trade
The trade surplus in China may last for a period as China's advantage of low production cost still exists.
economic fast marked national social stable
National economic and social development is upbeat, marked by fast yet stable economic growth.
control
We need to control the availability of credit.
increases price
We should see the slowdown in price increases as positive,
attention bank commercial control credit guidance pay strengthen
We should pay attention to control of bank credit offerings and strengthen guidance for commercial banks.
assets bank call fixed growth investment problems prominent rapid
There are prominent problems that call for our attention, such as rapid growth of investment in fixed assets and of bank loans.
cannot exchange letting problems rate rise simply solved trade
Trade problems cannot be solved simply by letting the exchange rate rise or fall.
abundant bank chinese demand forces growth guarantee high labor market rapid rate robust
China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.
china consumers course high imports industries oil process
China imports about 40% of its oil so of course we are affected, especially the industries that are high consumers of oil or that process oil products.
china crude effects limit measures oil rising
China has measures to limit the effects of rising crude oil prices.