Quotes by Niu Li

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

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

“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.”

“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.”