Chinese oil companies need to go overseas to seek energy assets and the government encourages that. The price at which they pay for the assets must still be within the limits of the companies.

Liu Zhi

Energy Government Oil

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Investment mania has been evident in the ferroalloy, coke, calcium carbide, automobile and copper smelting sectors.

The supply potential has left demand far behind.

The problem is also serious in auto production.

Optimism abounds on the market. Retail investors expect an influx of funds from institutions and the government to lure overseas-listed blue chips back to mainland markets.

GovernmentOptimism

With the tax in place, another hike in finished oil products become feasible.