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The agreement has yet to be the Chinese Government and the Australian Foreign Investment Review Board approval and APLNG on the second line to make a final investment decision. APLNG Queensland, Australia currently provides 40% of gas demand.At the same time, news from overseas, UK's BG will be announced in the next few weeks to sell its Brazilian oil sector part of the business, while Sinopec is the leading candidate buyers. Sinopec is Asia's largest oil refining company. Sinopec A-share yesterday (600028) down 2.30%, to close at 7.23 yuan, Hong Kong stocks (0386.HK) was up 0.876 percent, to close at 8.06 Hong Kong dollars.
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Chinese Academy of Social Sciences released yesterday, "industrial competitiveness blue book", said according to the 2011 World Bank standards, China has become the middle and upper income countries, is facing a slowdown in economic growth, per capita income is difficult to improve the "middle income trap" test , it is recommended to improve industrial competitiveness by improving the overall level of national income.

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Blue indicates that each year in July for the World Bank classification of countries will be adjusted according to the standard line in 2011, China has been included in the "upper-middle-income countries." Before the mid-1980s, China has always belonged to the ranks of low-income countries; then began to enter the list of middle-income countries; after 10 years of effort, and from low-and middle-income countries into the middle and upper income countries.