Andy Xie Oil Quotations

Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.

The answer, I believe, is that there are too many oil traders engaging in oil price speculation. They will likely keep prices up until an oil market collapse. That day is not too far away, I believe,

There's no question that oil is the strongest headwind for growth now. This is a very delicate moment, no doubt about it.

In particular, if another Bush government moves on to Iran, then oil prices would go very high and really threaten China's economic development.

The financial sector may have become dependent on the trading profits from oil. As evidence accumulates over weakening demand and strong supply, I believe oil prices could collapse,