The oil price increase surely will have impact on China's economy as 40 percent of oil consumed in the country is imported, ... especially on some sectors, like agricultural means of production, oil refinery and public transport. But the impact is limited.
The current oil price couldn't represents the relations between supply and demand, ... speculation has played a more important role in the increase of oil prices.
The economy should grow by about 9% or more, giving next year a good start.
As long as we continue to earnestly implement the government's macroeconomic control policies and perform solidly in the fourth quarter, then the long-term targets we set earlier this year will be realized.
Frankly, I don't think this coincidence will happen again.
The key of our policy lies in preventing the (real estate) prices from surging too fast, instead of bringing down the prices abruptly, which is not in line with the law of economy or interests of the government and ordinary people.
China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.
The stable price drop combined with the gradual decline in housing investments, is what the government wants to result from its macro-control.
We should see the slowdown in price increases as positive.
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