While the low oil price has led to large account surpluses in China, it also contributes towards the country's inflation.

At the same time, the "impacts" of the low oil price is particularly prevalent to the oil extractions companies, represented by the “three oil giants”

ANBOUND’s research team is of the view that asset losses brought by the low oil price are expanding and in the future, more and more inefficient oil fields will be shut down.

There will still be hard times ahead for the country’s petrochemical enterprises.

The long-term low oil price means the tough and difficult journey of the “three oil giants” will not end anytime soon.