China’s Oil Foreign Trade And Its Influences

Energy is the vitality of industry,and it is the fundamental guarantee for a country’s economic development.That’s the reason why oil is called “the blood of the national economy".Oil,as a decisive factor on the national economy,has great influence on the country’s economic security.However,since the second half of 2014,the international oil price came to a standstill.As of December 2015,Brent crude oil price has dropped to $36 per barrel.For those oil-importin countries,it helps to reduce costs,stimulating consumption and the economy growth;but for oil exporting countries,the drop in oil prices showed great risk to these countries’ economy and finance.This paper aims to study on the factors that affect China’s oil trade,and it is divided into six chapters.Chapter one briefly describes the background,importance,objective and approaches of the research in this paper;the chapter two gives a brief literature review and summarizes previous studies;Chapter three summarizes the overview of global oil trade;Chapter four introduced the history and present situation of China’s oil trade;Chapter five shows various factors on the oil trade of China,and concludes influencing extent of each factor through the empirical analysis.And then,it analyses other influence factors on China’s oil trade;Chapter six proposed constructive measures according to the analysis of the above on the basis of summary of the full text.