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Analysts have forecast that growth this year could slow slightly. Zhu Baoliang, a senior economist at the State Information Center, said at a recent forum that economic growth could dip to 6.5 percent this year.

Analysts believe that market sentiment will continue to be supported by investors' expectation of more capital market reforms this year, which will help boost the quality of the listed companies, improve the efficiency of the Chinese stock market and make it more market-oriented.

Analysts said the guideline aims to bring more players into the sector to stimulate the vitality of the upstream market for oil and gas, which is currently dominated by large State-owned enterprises.

Andrew Shirman's farsighted life vision has led him to focus on providing eyeglasses for impoverished Chinese children.

Analysts believe the Shanghai crude will be able to compete for the benchmark in the Asia-Pacific region, and hopefully become part of the 24-hour global trading system together with Brent and WTI futures.