久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Efficient oil use vital for sustainable growth

By Yi Xianrong | China Daily | Updated: 2008-07-03 07:37

From June 20, the prices for gasoline and diesel were raised by 1,000 yuan ($144.9) per ton and the price for aviation kerosene was up by 1,500 yuan ($217.4) per ton. Compared with the huge losses of oil refiners, this rise is quite limited. Further hikes would be necessary to balance their losses.

It has been urged repeatedly to raise the refined oil product price in the country, but the authorities did not act accordingly till now and the rise is not as dramatic as expected. They have good reasons for doing so: raising prices of refined oil products is like pouring oil over the already-strong flame of inflation in the country.

As the consumer price index (CPI), the foremost indicator of inflationary pressure, has kept growing dramatically in nearly one year, it is a primary concern of policymakers to curb inflation. Maintaining the price of refined oil products is an important aspect in easing this pressure.

Efficient oil use vital for sustainable growth

As a matter of fact, the price hike should have been decided long before June 20. The earlier and the more the price is lifted, the more benefits would be achieved for the Chinese economy and the domestic capital market. The negative influences would be strengthened as the price rise is delayed.

Researchers said before the latest price rise the central government should give 330 billion yuan as subsidies to oil refiners every year to ensure the supply of refined oil products on the market. This amount is based on an international oil price of $130 per barrel. If the international oil price keeps going up, the losses of the refiners from refining imported crude oil would be boosted and the subsidies might be raised accordingly.

When the price of refined oil products are raised, the refiners could see less deficits and the government could reduce subsidy to refiners and use the saved money for other public services. Such a prospect is definitely constructive to economic soundness.

According to customs statistics, China imported 145.18 million tons of crude oil in 2006 and imported 159.28 million tons in 2007. The figure for 2008 is estimated to be 170 million tons. If the international crude oil price keeps climbing like it has done in the first six months of the year, the huge oil import alone would cost China a big fortune.

Why is China so thirsty for oil? An important element is the dramatic growth of private cars. Between 1996 and 2006, the private cars rose from 2.9 million to 23.3 million and the net growth in 2006 was 4.85 million.

So many private cars have become a source of inflexible demand for gasoline.

Therefore, it is natural for people to wonder why so many people decided to own a car. Admittedly, some have better income to support their consumption and some find the automobiles are less expensive thanks to the development of the automobile manufacturing industry.

But more importantly, it is because many consumers do not consider the cost of using automobiles, because that cost could be negligible because of the low gasoline price.

To promote sustainable economic development, it is necessary to adjust the domestic oil consumption through price change. The individual demand to refined oil products not only weighs significantly upon the balance between the demand and supply within the Chinese market, but also influences the international oil price.

On the day China released its oil price hike, the crude oil future traded on the New York Mercantile Exchange dropped more than $4 per barrel. After that, the price keeps climbing again. One of the reasons for the latest rise is that the Chinese oil price was not raised to a reasonable level, and the international market expects more rises in the future.

If China curbs the growth in its oil demand, the speculation in oil price could be checked and the country could also save a lot of money. If the oil price dropped by $50 to about $90 per barrel, where it was in early 2008, China could save nearly $100 billion, which could be used to subsidize the life of common people or the businesses.

The oil price hike would not intensify the inflation because the energy price takes a minor portion in the CPI basket. The food price, which takes about 35 percent in the CPI figures, is going to drop, so there is more room for the decision-makers to raise the oil price.

If the oil price could be raised to the ideal point decided by the demand and supply on the market, it would help restore the investor confidence on the stock market. One of the biggest ills in the stock market is the price control by the government to the products of some listed companies. On the one hand, the government required oil refiners and electricity generators to ensure the supply of their products despite their financial losses. On the other hand, it maintained relatively strict control over the prices of these products.

It is against the law of the market economy that the listed companies keep operating on losses. So most investors would refuse putting their money in these companies or even quit the market. The continuous slump on the stock market stems from the destroyed confidence of investors. Such a slump hurts the market mood and poses challenges to the long-term development of the Chinese economy.

It would relieve many economic headaches if the refined oil is priced by the demand and supply in the market. And the influence of the price rise could be contained if the government takes necessary measures to safeguard it.

The author is a researcher with the Institute of Finance and Banking under Chinese Academy of Social Sciences

(China Daily 07/03/2008 page8)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    亚洲18影院在线观看| 国产精品成人一区二区艾草| 久久国产尿小便嘘嘘尿| 日韩三级视频中文字幕| 激情五月婷婷综合网| 欧美国产一区视频在线观看| 99re6这里只有精品视频在线观看| 亚洲欧美日韩一区| 欧美精品欧美精品系列| 久久福利资源站| 国产精品情趣视频| 欧美最猛黑人xxxxx猛交| 五月婷婷综合激情| 久久久影视传媒| 91麻豆国产自产在线观看| 午夜欧美一区二区三区在线播放| 欧美电影免费观看高清完整版在线| 国产精品一区二区在线观看不卡 | 国产一区在线观看麻豆| 国产精品国产三级国产三级人妇| 欧美在线短视频| 久久不见久久见免费视频1| 国产精品免费人成网站| 欧美视频一区在线观看| 国内精品免费**视频| 亚洲色图一区二区三区| 欧美一区二区三区公司| 成熟亚洲日本毛茸茸凸凹| 亚洲国产毛片aaaaa无费看 | 免费观看在线综合色| 欧美国产1区2区| 欧美日韩高清在线| 国产精品996| 亚洲国产成人高清精品| 久久综合视频网| 日本黄色一区二区| 精品一区二区国语对白| 亚洲欧美日韩人成在线播放| 精品国产一区久久| 在线精品视频一区二区三四 | 国产伦精一区二区三区| 一区二区三区.www| 日韩精品一区二区三区swag| 色综合久久综合中文综合网| 韩国视频一区二区| 亚洲一区二区四区蜜桃| 国产目拍亚洲精品99久久精品| 欧美日韩成人综合天天影院| 成人性生交大片免费看视频在线| 日韩在线一二三区| 亚洲视频狠狠干| 久久久噜噜噜久噜久久综合| 欧美日韩亚洲丝袜制服| www.视频一区| 韩国理伦片一区二区三区在线播放| 伊人夜夜躁av伊人久久| 日本一区二区综合亚洲| 欧美一区二区三区在线观看视频 | 91精品黄色片免费大全| 色综合咪咪久久| 大桥未久av一区二区三区中文| 久草精品在线观看| 午夜精品久久久久久久久久| 综合色天天鬼久久鬼色| 欧美精品一区二区三区高清aⅴ| 欧美日韩国产高清一区二区三区 | 色婷婷一区二区三区四区| 国产精品综合二区| 美女免费视频一区二区| 亚洲高清在线视频| 亚洲美女视频在线| 国产精品黄色在线观看| 国产女人18毛片水真多成人如厕| 日韩精品一区在线观看| 欧美色倩网站大全免费| 一本一本大道香蕉久在线精品| 国产成人精品在线看| 精品一区二区三区av| 青青国产91久久久久久| 亚洲国产精品欧美一二99| 亚洲欧美国产高清| 中文字幕一区二区三中文字幕| 久久久久国产一区二区三区四区| 欧美一级精品大片| 欧美剧情电影在线观看完整版免费励志电影| 99久久精品国产一区| 成人精品一区二区三区中文字幕 | 99久久伊人精品| 国产成人丝袜美腿| 国产精品自在欧美一区| 国产一区二区三区四区在线观看| 麻豆精品在线视频| 夜夜亚洲天天久久| 成人欧美一区二区三区视频网页| 国产欧美精品一区二区色综合| 久久久无码精品亚洲日韩按摩| 成人午夜免费视频| 国产高清视频一区| 国产精品一二三区在线| 国产精品一线二线三线| 懂色av一区二区在线播放| 精品在线播放免费| 国产呦精品一区二区三区网站| 国产在线精品一区二区夜色 | 精品裸体舞一区二区三区| 日韩欧美精品三级| 日韩午夜三级在线| 精品国产乱码久久| 久久久久久久久97黄色工厂| 国产视频一区二区在线观看| 中文字幕欧美日韩一区| 国产精品久久久久久妇女6080| 亚洲欧美在线视频| 亚洲精品成人悠悠色影视| 亚洲一区二区三区爽爽爽爽爽| 亚洲一区二区视频在线| 手机精品视频在线观看| 免费日韩伦理电影| 国产一区美女在线| 成人免费看片app下载| 91在线你懂得| 欧美日韩一区高清| 日韩欧美国产电影| 国产亚洲一区字幕| 亚洲图片欧美激情| 亚洲小少妇裸体bbw| 男人的j进女人的j一区| 国产美女久久久久| 欧美日韩免费一区二区三区视频| 欧美日韩在线直播| 日韩视频不卡中文| 国产欧美日本一区视频| 亚洲卡通动漫在线| 视频在线观看国产精品| 国内久久精品视频| 99久久久精品| 欧美顶级少妇做爰| 精品国产91洋老外米糕| 国产精品电影院| 香蕉成人啪国产精品视频综合网| 蜜臀av性久久久久av蜜臀妖精| 国产风韵犹存在线视精品| 色婷婷亚洲精品| 在线欧美一区二区| 日韩精品一区二区三区四区| 中文字幕av一区二区三区免费看 | 成人成人成人在线视频| 色综合久久久久久久久| 67194成人在线观看| 国产欧美一区二区精品仙草咪| 亚洲品质自拍视频网站| 免费成人深夜小野草| 成人深夜视频在线观看| 欧美日韩极品在线观看一区| 精品福利一二区| 亚洲码国产岛国毛片在线| 日韩中文字幕1| voyeur盗摄精品| 制服丝袜一区二区三区| 欧美国产精品一区二区| 午夜欧美视频在线观看| 成人激情校园春色| 欧美一区二区视频免费观看| 最新日韩av在线| 麻豆久久久久久| 欧洲精品视频在线观看| 久久久国产精品麻豆| 亚洲狠狠爱一区二区三区| 国产精品99久| 欧美一区二区黄色| 亚洲丝袜美腿综合| 精品无人码麻豆乱码1区2区| 日本高清免费不卡视频| 久久蜜桃av一区二区天堂 | 欧美久久久一区| 欧美国产日韩亚洲一区| 日韩电影一区二区三区| 91农村精品一区二区在线| 日韩欧美国产综合| 一区二区三区四区不卡在线| 国产精品一二三区| 91精品国产免费久久综合| 国产精品免费观看视频| 久久精品国产99国产| 欧美亚洲一区二区在线观看| 国产免费久久精品| 理论片日本一区| 欧美日韩不卡在线| 亚洲欧美在线视频观看| 国产伦精品一区二区三区在线观看| 欧美电影一区二区三区| 亚洲人吸女人奶水| 国产一区二区伦理片| 欧美高清视频在线高清观看mv色露露十八| 久久夜色精品国产噜噜av| 亚洲一区二区三区中文字幕| fc2成人免费人成在线观看播放| 精品国产乱码久久久久久闺蜜| 图片区日韩欧美亚洲| 色八戒一区二区三区|