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Monday, November 17, 2014
ANBOUND:China Needs to Adjust Its Oil Strategy in Time
ANBOUND

International oil price has dropped dramatically since July by a percentage of 30% till now, a situation frustrating oil-producing countries while benefiting oil-consuming countries. ANBOUND research team suggests that China ought to increase its crude oil reserve at current relatively lower price. In addition to the import and reserve of spot crude oil, China should also export its market influence to form a political umbrella for its oil import so as to avoid serious damage to China's rights and interests.

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