China's deep-sea technology and equipment enterprises have made a foothold in the international market through their unremitting efforts. However, there is still a gap between the major core equipment and European and American enterprises and there is a certain distance between South Korea and Singapore in the construction of integrated technologies.

The main issue in the market is how to import crude oil and export the refined oil both in fair competition and in safety. Before the reform, the import and export rights were mainly concentrated in a few state-owned enterprises and should be more liberalized after the reform. In respect of crude oil imports, more competition should be encouraged in the future, but not fully competitive as other commodities. The ideal market structure is dominated by state-owned enterprises and other types of enterprises. In respect of the export of refined products, we should step up supervision and raise environmental protection standards and technical standards so as to avoid leaving pollution in the country.

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