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rs, and we will not let others bully or prey upon us either,” he added.
Lieutenant General He Lei, former vice-president of the PLA Academy of Military Science, said Wei’s
speech clearly and objectively articulated the purposes, positions and aspirations of the Chinese military.
“Wei’s speech demonstrates the confidence of the PLA and the Chinese people. Som
e might think his tone is a bit tough, but I think it is perfectly appropriate,” He said.
Wei also “honestly answered all 22 very sensitive and difficult” questions from the audience
, further cementing the PLA’s image as a confident and responsible force, he added.
Major General Jin Yinan, a retired professor of international relations at PLA National D
efense University, said Wei has highlighted the fact that China is a nation that promotes inclusive and coo
perative relations between cultures, but it also has principles and bottom lines that should not be crossed.
This year, PetroChina’s Xinjiang Oilfield Company has been fully develop
ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.
The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille
d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.
PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo
s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi
eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.
Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.
FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur
day that it will add Chinese A shares to its widely-tracked global benchmarks next month.
The addition will be officially effective after the close of share markets on June 24.
According to the plan of FTSE Russell, this move marks the first stage of incorporatin
g Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be bro
ught into the indexes, drawing an expected $10 billion from passive investors.
FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.