Analysis Of The Impact Of Oil Prices Fluctuations On China Economy And Countermeasure

Oil prices have increased very sharply in the last few years which has impacted china economy. The development of practice show us that oil prices fluctuations are one of the important impact factors on china economy. This paper use qualitative analysis and quantitative analysis to do research systemically on the relationship between the oil price and china economy, and give some scientific advises. The research show us that there is a long and steady relationship between oil prices,GDP,CPI and the total of Import and export . Oil preces increase 1%,our country's GDP increase speed will decrease 0.013%,CPI will decrease 0.02%, export will decrease 0.127% and import will increase 0.195% .Oil prices fluctuations have impacted china economy, but the degrees of influence are not obvious.and have some degrees of lag character.