The New Profit Warnings Coming Out of China

The video discusses the financial challenges faced by PetroChina and China Life in 2016. PetroChina experienced a significant profit drop due to declining international oil prices, with profits potentially falling by 70-80%. The video also highlights the correlation between PetroChina's stock performance and crude oil prices. In contrast, China Life's profit decline is linked to stock market investments, with a potential 40-50% drop in profits. The video concludes with an analysis of oil price trends and predictions for 2017, suggesting a potential recovery.

What was the main reason for PetroChina's profit decline in 2016?

• Decrease in production levels

• Drastically lower international oil prices

• Increase in domestic natural gas prices

• Higher operational costs

How did PetroChina's profits in 2016 compare to those in 2015?

• Remained the same

• Increased by 10%

• Decreased by 70-80%

• Increased by 20%

What is the relationship between PetroChina's share prices and crude oil prices?

• They are inversely related

• They mirror each other

• They are unrelated

• They have a weak correlation

What was a significant factor affecting China Life's profits in 2016?

• Increase in insurance premiums

• Decrease in operational costs

• Changes in crude oil prices

• Investments in the stock market

How did the Shanghai Composite Index perform in the first nine months of the year compared to the last three months?

• It decreased by 15% and then increased by 3.3%

• It increased by 15% and then decreased by 3.3%

• It increased steadily throughout the year

• It remained flat throughout the year