Thank you, OPEC! China will save $ 100 billion on oil imports
China will save $ 100
billion on oil imports in just six months
- and all thanks to the collapse of oil prices. Such
numbers are real, if oil prices
remain at current levels, - says
Boky Lin, chief economist for
Energy in China. "And we do not even need
nothing to do", - he added.
Speaking on CNN website
to talk about the emerging markets, and
and the World Economic Forum
Davos, Lin said China - the largest
oil importer in the world - hopes that
Prices remain low and thus give
good economy pulse.
"Low prices give
push us to work"Said Zhou
Xiaochuan, governor of People's Bank
China. Cheap oil, you can also buy,
to spend more economic
reforms, he added.
Recall that the price of
Oil fell from a high of $ 116 a barrel to
less than $ 50 in just six months,
the strongest decline was after
OPEC's announcement of the decision not to cut
crude production levels.
Comments Lin touched
a chord in the public debate
Representative of the Russian side -
Deputy Prime Minister Igor Shuvalov. Half
Russian State Revenue comes from
the sale of oil and gas - that is, the country
Now he will miss three trillion rubles
budget. Ruble fell to record low
levels, when oil prices dropped.
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