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View | Wu Haifeng: Imbalance of Global Supply and Demand Resulted Negative Value of Oil
Release time:2020-05-08Views:
Dr. Wu Haifeng, a researcher of SFI, pointed out at the interview of China Daily that the oil price suffered a huge pressure in a short term because of the imbalance of global supply and demand of energy and fat-finger errors of financial institutions in the derivatives markets. Therefore, it is necessary to make efforts to contain the pandemic, recover the global economic production and promote demand growth. Wu Haifeng said that the optimal way to improve the global economy and stimulate demands is to curb the spread of the pandemic and recover production and consumption immediately. China should boost domestic demands as exports fell dramatically in overseas markets. In addition, it needs to strengthen the regulations on irrational positions of derivatives.