The Impact of Falling Oil Price on China's Economy
- DOI
- 10.2991/emim-15.2015.33How to use a DOI?
- Keywords
- Oil; Decline; Impact; Economy; Deflation
- Abstract
Since the second half of 2014 ,due to the increasing supply of crude oil and the reduced demand resulted from global economic recession , coupled with a stronger dollar, international oil prices continued to fall, decreased more than 60%. New York oil futures hovered nearly $ 40. For China, China's economy is not out of the terrible recession, the decline of oil prices leads to more serious deflation, the economic situation is not optimistic. Therefore, the implementation of monetary policy is increasingly urgent. By drawing on the experience of historical events, combined with the country's current economic situation, this article analyzes the impact of oil prices on a wide range of China's economy, which helps to form an objective understanding.
- Copyright
- © 2015, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Zhao Zhang PY - 2015/04 DA - 2015/04 TI - The Impact of Falling Oil Price on China's Economy BT - Proceedings of the 2015 International Conference on Education, Management, Information and Medicine PB - Atlantis Press SP - 169 EP - 171 SN - 2352-5428 UR - https://doi.org/10.2991/emim-15.2015.33 DO - 10.2991/emim-15.2015.33 ID - Zhang2015/04 ER -