China Strategy on the High Price of International Crude Oil

The tendency of the international crude oil price has been running high all the time since 2003.The petroleum is as a kind of essential to economic development non-renewable resources and plays an irreplaceable role in China economy.Petroleum price go up constantly and this will have influence on consumption,investment and exports,and make the great impact on China economy finally.The countermeasures to high price in China will consist in the next respects: balance petroleum demand and supply,implement national security strategy of petroleum and open the petroleum forward market and etc.