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Thread: Surging oil price benefits China?
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[quote=JIMMYB,251354]Recently, the oil price in international trade market has increased sharply. Once it reached 89 USD. What makes it rise so quickly? What impact will it bring to us? Talking about its impact, some people say that it is a piece of good news to China. China has a big appetite for oil. In order to meet its domestic need, China has to export oil. In this way, it can help China to decrease its trade surplus. On other hand, the surging oil price will trigger global prices increase and force central banks to raise their interest rates. Therefore, the excess liquidity can be eased. Perhaps, China's bubble will burst. What do you think? Does the surging oil price have the magic power? [/quote]
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