Zhang Guobao
Zhang Guobao
Zhang Guobaois Vice Chairman of the National Development and Reform Commission...
evaluation former gas oil outcome resources
The outcome of evaluation on the oil and gas resources was better than former data.
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.
against buy currently face high oil prices risks
Currently the international oil prices are at high levels. Against this backdrop, we would face big risks if we buy oil from the international 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.
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.
determined
This should be determined by China's real conditions.
actual
There has been a lot of communication, but there has been little actual progress.
according determined
This (scale) should be determined according to 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,
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.
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.
economic environmental
It also delivers substantial economic and environmental results, alleviating poverty.