Zheng Jingping High Quotations

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.

China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.

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.