| China's oil consumptions and import dependency increase quickly every year. In recent year, Oil prices have increased very sharply which has impacted china economy. Therefore, exploring the reasons which influence oil price fluctuation and evaluating the influence of oil price fluctuation on China's economy is a practical significative research. This paper use qualitative analysis and quantitative analysis, for example:supply and demand theory, the two departments mixed economy model, SVAR model and so on. Studied the influence factors of international oil price fluctuations, and how the oil price fluctuation impacted the China's economy. Finally, the paper give some scientific advises.First, the article summarized the literatures, which are the factors of international oil price fluctuate and evaluating the influence of oil price fluctuation on China's economy. Secondly, reviewed the trend of international oil price fluctuate and the influence of oil price fluctuation on World's economy since World Warâ…¡. Then, analyzed the factors of oil price fluctuate by using the theory model and econometric model. What kind of economy influence would made by the oil price fluctuation. Finally, based on the article to give some advises.Through the research, we can find that world oil production, world GDP growth, alternative energy prices, international speculative trading, the dollar; the national oil inventories and other factors will affect the international oil prices. Oil price fluctuation has an important influence on China's economy. The structure of China's export has improved. The technical level of China's export improved steadily and converged at world average level slightly while the technical level of other economies changed irregularly. At the same time, these indicators have different reaction lag of international oil price fluctuate. Because China adopted a managed floating exchange rate system, the exchange rate fluctuations on international oil prices is the longest lag. |
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