The soaring crude oil price, to some extent, will urge domestic companies to cut down energy consumption, upgrade technology levels and enhance technology innovation.

I have to admit that the rise in oil prices is having an impact on the Chinese economy.

China's overall crude oil consumption is about 8% or 9% of world consumption and per capita consumption is a little less. So we are affected (by high prices) but the degree that we are affected is limited.

Crude as oil is our responsibility.

The high oil price can't be ignored and it is starting to have a negative impact on consumption in the U.S.. Oil will remain the biggest risk for the stock market.

To create markets for our crops, we must promote increased local consumption of what we produce