The current oil price couldn't represents the relations between supply and demand, ... speculation has played a more important role in the increase of oil prices.

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.

The sell-off in oil damped demand for some metals yesterday in London and New York. Traders in China are worried there might be a chain reaction of funds selling metals to take profits.

It should arouse concern, and actually has aroused our attention.

Frankly, I don't think this coincidence will happen again.

Prominent problems include a too prompt growth rate in fixed-asset investments and bank loans, which the country plans to adopt measures to tackle, as well as measures to ensure it keeps its steady economic growth.