China unlikely to liberalize oil prices soon – Deutsche Bank analyst

China is unlikely to liberalize oil prices anytime soon despite repeated hints by the National Reform and Development Commission (NDRC) that reform is under way, said David Hurd, Deutsche Bank oil and gas analyst.

‘The government is worried about inflation, its farmers and GDP growth rates. If the price of oil rises too quickly it would hurt these three segments. Stability is an overriding issue for the government,’ he said at a briefing for reporters.

Forbes