Commenting on China’s oil price intervention, SMU Associate Professor of Finance Fu Fangjian noted that China's oil prices are primarily influenced by international pricing mechanisms. Assoc Prof Fu said that rising energy prices have both positive and negative impacts on businesses. For companies with high energy consumption and heavy reliance on raw materials, it will have a negative impact. However, China's vigorous development of new energy sources over the past few years has been beneficial to industries such as photovoltaics and electric vehicles. Regarding the subsequent impact, he believes that compared to countries like Japan, South Korea, and the US, the impact on China is relatively controllable.
