First of all, the drop in international oil prices is a good thing for China, because China's dependence on foreign trade has almost reached or exceeded 60%.

The amount of crude oil imported from China is not small, about 200 million tons per year. The decline in oil prices first means that China's foreign exchange expenditure will decrease, and everyone knows the value of foreign exchange; Secondly, it is likely to drive down the price of domestic refined oil.

However, the continuous decline in international oil prices will have an impact on the United States. The low oil price and poor export power of American oil companies will have a certain impact on the American economy. At this time, intervention is inevitable. Therefore, if the international oil price continues to fall, the interests of developed countries will be harmed. On the issue of oil price, it has always been a game between countries, rather than a simple market regulation issue.