Research On International Oil Price Fluctuation On China’s Economy

At present our country is in a period of rapid development of all-round construction of well-off society, the rapid economic growth driven by rising demand for oil, has surpassed Japan to become the world’s second largest oil importer. Fluctuations in market prices of crude oil, increase domestic energy supply is difficult to guarantee, at the same time, China’s energy reserves are smaller, emergency capability is relatively weak, the energy security situation is grim. How to objectively analyze the influence of oil price fluctuation on China’s economy, so as to provide theoretical basis for policy relevant departments become a pressing matter of the moment.This paper reviews and analyzes the overall trend of international oil price fluctuation, analyses the important factors affecting the international oil price fluctuation, using both quantitative and qualitative methods, econometric model must be combined with China’s national conditions, go a road of sustainable development, strengthen about consciousness, improve the scientific and technological innovation, improve laws and regulations, establish a sound strategic oil reserve mechanism, positive development and the development of alternative sources of energy, to reduce the impact of international oil price fluctuation on China’s economy.