According to the first-half performance reports of China's three oil giants—CNPC, Sinopec, CNOOC—that have revealed last week, their profits have largely declined though they are still profitable. ANBOUND forecasts that this trend would affect China via several ways: the oil giants’ financial contribution to the country will be reduced; they are likely to be the country’s burden as they might ask for more grant-in-aid; given the changes of global oil supply and needs, China tends to purchase more oil from the international market instead from the channels that are held in the hands of the oil giants; the declined profit might force the oil giants to cut some jobs. So in general, the oil giants’ influence will largely shrink in the future.