Effects of the Prices of Imported Crude Oil on Chinas Economy
Chinas well-established energy policy, which prescribes that the optimization of theenergy portfolio should be based on home and relies mainly on coal, has made the countrysenergy consumption structure much inferior to the world advanced level, though the totalproduction has,in the main,satisfied the demand for domestic economic growth. Since the1990s,the rapid development of Chinas economy has been accompanied by the risingenergy consumption and an accelerated incremental increase in energy import,especiallythe import of petroleum.The linking of Chinas oil prices with the price system of theworld in 1998 has tied the countrys economic development to the fluctuation of crude oilprices in the international energy market that has,since the year 2000,especially 2004,become continuously unstable,with the constant appearance of new peaks of the alreadyhigh oil prices.In 2007,the price of oil has continued to rise,breaking the highest historicalrecord of US$74 per barrel.The soaring price has given rise to a considerable increase inthe energy cost of Chinas economic growth, making energy safety one of the problemsover which the society has expressed grave concern.
Xiaozheng Liu
国际会议
日本岛根
英文
281-386
2007-10-26（万方平台首次上网日期，不代表论文的发表时间）