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Ensure long-term stable supply of crude oil is an important national economic security component to achieve this goal Cheap Paul Pierce Jersey , the Chinese government after the financial crisis in the oil sources and the way the adjustment of imports, of which, "loans-for-oil" is an important step.

However, the "loans-for-oil" can truly protect China's oil security? The financial crisis is not just a byproduct? "Loans-for-oil" meaning whether there is room to expand?

Breeding ground for the cooperation of the crisis

After the outbreak of the 2008 financial crisis, turbulence in international oil prices, from more than 140 U.S. dollars barrel record high all the way down Cheap Larry Bird Jersey , to the oil-producing countries, particularly oil and gas resources in the developing country's economy a heavy blow, causing some oil and gas resources in the country overnight debt.

To Russia, for example, statistics show that in early 2009, the largest Russian oil company Rosneft (Rosneft) debt $ 21 Cheap Bill Russell Jersey ,200,000,000, Gazprom as much as 61 billion U.S. dollars debt, the Russian oil pipeline company (Transneft) the liabilities of 7.7 billion.

In addition, the global financial crisis has dealt a heavy blow to the oil and gas investment. In contrast Cheap Kyrie Irving Jersey , the Chinese economy should suffer a lesser extent, and rising foreign exchange reserves

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