An Exploration Of The Influential Factors Of China’s Monetary Policy On Financial Systemic Risk

As the material foundation to the survival of human society, oil and natural gas is a necessary condition for economic development and social progress. As the world’s second-largest consumer, as well as the biggest developing country, oil and gas security has become a focus of China’s rapid economic development. Russia is the world’s leading producer and exporter of oil and gas, China’s oil and gas trade with Russia safer, and oil cooperation between China and Russia are highly complementary. Favorable situation between China and Russia on good diplomatic relations and geographical advantages, it is very necessary to analyses of the influence factors to better safeguard China’s oil and gas safety problem.This paper firstly combed the domestic and foreign scholars for the current situation of oil and gas trade between China and Russia, characteristics and influence factors of research results. Then on the basis of the development trend of the oil trade between China and Russia are discussed in detail. Combined with the actual situation in our country, building the VAR model, and the level of China’s economic development, per capita income level, China to Russia trade openness and China’s oil and gas consumption proportion of producing light indicator, then using the data from 2000 to 2013 to make an empirical analysis of the influence factors of oil and gas trade between China and Russia, and analyzes the empirical results. As a result, production proportion of China’s oil and gas consumption is the main influence factors of oil and gas trade between China and Russia with a positive impact, showing that oil and gas trade between China and Russia is largely in order to meet the domestic oil and gas supplies. Then the level of China’s economic development and per capita income level to oil and gas trade between China and Russia has positive correlation. Although the impact is less than oil and gas consumption accounted for the proportion of production factors, it also cannot be ignored. Finally combining the empirical results put forward relevant countermeasures and suggestions: Strengthening the effective oil and gas supply, strengthening the development of new energy, strengthening the construction of economy and gradually and orderly opening trade of oil and gas.