OEF Rapid Review Articles
Given the current circumstances, the impact of China on global markets should not be underestimated. As the world’s largest oil importer, China is one of the countries that benefits the most from low oil prices. The decline in oil prices is generally good for China. But wild swings in oil prices, and a possible price rise in the future, could have a big negative impact on the country’s economy. One of the strategies to offset the impact of wild fluctuations in oil prices is to increase the country’s oil reserves.
Global Times
LINK TO THE SOURCE ARTICLE:
Diversified strategy needed to offset oil price swings
