Analysis On China’s Energy Strategy Adjustment Under The Background Of Declining International Oil Price

Energy has always played a very important role in the national economy, stable and sustained development of the huge economic and social contribution. China’s economy has maintained rapid growth, the demand for energy is increasing. As a pillar of economic development, energy issues has become China’s economic and social development in major problems. China’s economic development will face a huge increase in demand pressures. In recent years, China’s trade surplus increased year by year, import and export trade to accelerate China’s economic development has brought great benefits, but economic development is to consume a lot of energy at the expense of China’s export trade in the short term is still a high-energy hard products, while China’s energy dependence on imported energy consumption is very strong country is energy consuming countries, industrialization and urbanization continues to advance, the energy issues increasingly become China’s economic development and social progress of the "bottleneck. "Therefore, the correct understanding of the status quo of China’s energy consumption to achieve coordinated development of energy, economy and society, is currently facing our country and the need to address an important issue.Oil is the country’s largest energy product imports. In 2012, China’s imports of oil reached 283 million tons, accounting for 48.8 percent of China’s energy imports over the same period. Oil has always been our highest dependence on foreign energy products, high dependence on foreign threats will bring some of China’s oil security, and how to reduce dependence on foreign oil is also a problem in China’s energy problems to be solved. Under the combined effect of a variety of factors, the second half of 2014, crude oil prices plunged below $ 60 a shock in this context, to China’s energy consumption and energy trading research will have important practical significance. Based on the total annual energy consumption in China from 2000 to 2013. various types of energy consumption, total energy exports and total imports of energy and other data analyzed with the status of energy consumption and the status quo of China’s energy trade detailed description of China Future changes in energy consumption and energy trade and make judgments.Followed by the current status of the international oil price forecast and analyze and describe the impact of China’s energy consumption and energy trading result in detail. Followed by an analysis of China’s annual total energy consumption and energy import and export volume from 2000 to 2010 and other data, using unit root test, co-integration test, Granger causality test vector auto regression, draw China’s energy consumption and energy trading the relationship between, and on this basis for our consumption, energy trade problems of energy to make summary.In conclusion, the article from the foregoing problems and to provide policy recommendations on empirical Chinese energy strategy adjustment. Energy consumption, energy trade problems from the macro policy level, in view of the industry level, given the appropriate micro-enterprise level solutions, and make future development of China’s energy consumption and energy trade.