If we look around the world, this situation of falling oil prices is not good, because it is likely to lead to the Great Depression in the United States, and more people will lose their jobs, which means that the United States will have more burdens. It may be an opportunity, because the oil price and American debt have fallen, and the funds generated by this decline may flow into China, which may be a good thing for China's current economic market.

the impact of falling oil prices has caused a series of declines in global stock markets, which is very cruel. The US stock market triggered the fuse mechanism, which fell off a cliff all the way and returned to normal under the control of relevant US departments. Under the influence of the epidemic, the global economy itself is under tremendous downward pressure, and the reduction of oil prices is equal to and aggravates the pressure brought by the original epidemic. Because of the sharp drop in oil prices, it reflects that the expectation that the epidemic will hit the global economy is correct. After the global economic growth slows down, the demand for oil will decline, and the collapse of oil prices will bring a critical blow to the finance and economy of major oil companies and some oil-producing countries. The collapse of US stocks and the collapse of oil are also closely related.

A large number of high-yield bonds issued by oil giants will also be sold off, which has caused a very big shock in the US bond market. In the past few years, American shale oil companies have issued a large number of bonds with high interest rates. If the oil price war breaks out, the capital chains of these companies may collapse and they can't afford these debts.

However, for China, China is implementing the policy of new infrastructure to stabilize the economy, and the impact of falling oil prices on China oil service enterprises will not be too great. On the contrary, it is very likely that China's economy will take the lead in coming out of the crisis of falling oil prices and US debt caused by the epidemic, and boost the confidence of China's oil market. In any case, take a long-term view and don't look at it only in one country. This crisis will not benefit anyone over time, so it is the right thing to control the market and restore normal prices as soon as possible.