CC-TAIX11 HONEYWELL

The lower oil price has had a limited impact on the Chinese oil and gas industry.China is heavily dependent on oil and gas imports;and it will not halt its efforts to reduce this dependence.However,anti-corruption campaigns and rising costs have slowed down oil companies,especially as regards investment from state-owned enterprises.

油价下降对中国的石油和天然气行业影响有限。中国严重依赖石油和天然气进口，而且这种依赖在短期并不会减少。但反腐败运动和成本上升已经使得石油公司投资放缓，特别是来自国有企业的投资。