Analysis Of Status And Reform Measures For The Existing Oil-pricing Mechanism In China's Oil Market

As a great consumer and major importer of oil, Chinese economy would be significantly affected by the frequent changes of international oil prices. Especially in recent years, the impact of high oil prices has proposed greater challenges on China's oil market stability.Firstly, this thesis uses input-output model to analyze oil prices impact on China's industry. Secondly, this paper discusses the existing oil-pricing regime in Chinese oil market, especially its weaknesses. Although our price mechanism has begun with the international practice, it is still subject to state regulation. As a result, the price mechanism must be improved. Then in the last part of this thesis, the price mechanism reform is analyzed in detail from three important aspects. After that, some concrete measures for each aspect are proposed. This paper is expected to play a guiding role in improving Chinese oil-pricing mechanism and alleviating the impact of the international oil price fluctuations on China's economy, after the fully open of domestic refined oil market in the end of 2006. .