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Thread: Surging oil price benefits China?
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[quote=ICEBERG,251433]Everything has two sides. In macro-economy, surging oil price may help China to decrease its trade surplus and ease excess liquidity. But what about those small and medium sized manufacturers? Influenced by the high oil price, their cost will rise and the profits will decrease. This is not good for them. Surging oil price is not the panacea that can cure all the economic problems.[/quote]
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