Proceedings of the 2015 International Conference on Education, Management, Information and Medicine

The Impact of Falling Oil Price on China's Economy

Authors
Zhao Zhang
Corresponding Author
Zhao Zhang
Available Online April 2015.
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/).

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Volume Title
Proceedings of the 2015 International Conference on Education, Management, Information and Medicine
Series
Advances in Economics, Business and Management Research
Publication Date
April 2015
ISBN
10.2991/emim-15.2015.33
ISSN
2352-5428
DOI
10.2991/emim-15.2015.33How to use a DOI?
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  -