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. |
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. |
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. |
It's quite a good deal. We expect there will be upside on share performance. |
One concern is that its production cost is rising, but as long as the oil price is high, that's acceptable. |
The company increased the overall supply of shares and the market needs time to digest this. |
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. |
There is a synergy effect. CNPC will invest a lot in the infrastructure. |
To China, it is so important to secure its crude supply. |