It would be a great financial risk for China to buy oil at the international market for its strategic reserve program as the current global oil price has been fluctuating at a high level.
More Quotes from Zhang Guobao:
Renewable energy, including solar, wind power and hydropower, will contribute to better energy security in China,Zhang Guobao
As long as an all-out effort is made in exploration, it is possible to find new oil and gas resources in China.
Zhang Guobao
Today's announcement reflects an expansion in bilateral trade between China and the United States and it underscores the strength of Sino-U.S. relations,
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It is not correct to attribute the crude oil price hike in 2004 to the growth of oil consumption in developing nations such as China and India .
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One moment Russia is saying they have made a decision, the next saying that no decision has been made. To date, there has been no correct information. This is regrettable.
Zhang Guobao
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