The Influence of International Crude Oil Price Vibration on China's Economy and Its Countermeasures

In recent years,there are two basic characteristics in international oil price vibration,one is big vibration extent,and the other is the vibration on high price level.There are many reasons for oil price vibration,among which two main reasons are demand pull and unprecedented active international speculation capital in oil market.International crude oil price vibration aggravates domestic economic vibration,imports inflation pressure and causes uncertainty of the related industrial business.China should conserve energy and reduce energy consumption,lower excessive dependence on crude oil,push forward multi-strategy for importing crude oil,break the high-monopoly trade system for importing crude oil,accelerate crude oil strategy reserve system construction,ensure national energy safety,reform and perfect crude oil market system,set up crude oil futures market,and seek pricing right for international crude oil to boost the ability to control the risk.