Zhang Guobao
Zhang Guobao
Zhang Guobaois Vice Chairman of the National Development and Reform Commission...
contribute energy including power renewable security wind
Renewable energy, including solar, wind power and hydropower, will contribute to better energy security in China,
attribute china correct crude developing growth hike india nations oil price
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 .
economic environmental
It also delivers substantial economic and environmental results, alleviating poverty.
china depend domestic economize energy explore increase mainly overseas strategy supply
China has set a strategy to economize energy use, increase energy efficiency, mainly depend on domestic supply and explore the overseas market.
correct decision moment next russia saying
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.
evaluation former gas oil outcome resources
The outcome of evaluation on the oil and gas resources was better than former data.
determined
This should be determined by China's real conditions.
china expansion reflects states strength trade united
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,
according determined
This (scale) should be determined according to China's real conditions.
effort gas oil possible resources
As long as an all-out effort is made in exploration, it is possible to find new oil and gas resources in China.
electricity few marks point supply turning
This marks a turning point in the electricity supply shortfalls of a few years ago.
buy china current financial global great high market oil price program reserve risk strategic
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.
cent increase per proportion
And the proportion will increase to 10 per cent by 2020.
drive oil slightest
Any slightest fluctuation could drive speculations on the oil price.