1. China is a big consumer of oil production capacity, and its dependence on foreign countries exceeds 58%. The decline in international crude oil prices is conducive to oil imports and strategic oil reserves. In addition, the fall in international oil prices can also reduce the overall energy cost, delay the pressure of imported inflation, improve the real purchasing power of residents, help increase consumption and improve corporate profits. The drop in oil prices has given the China government more room to support resource price reform.
2. The devaluation of the ruble and the Russian economic slowdown have adversely affected China's exports. In terms of quantity, the economic downturn in Russia will directly affect China's exports to Russia. However, because the drop in oil prices is beneficial to other energy importing countries, there will be some hedging, so the overall impact on export volume is limited.
Extended data:
Why did the ruble depreciate
1, Russia's economic growth slowed down obviously, and the GDP growth rate was not as good as that expected by the United States.
The GDP growth rate of less than 2% may be good for developed economies, but for Russia, one of the BRICS countries, this figure is really unsatisfactory.
2. Russia obtains foreign exchange to protect bank liquidity.
From February 20th to the end of May, 3.5 billion rubles of foreign exchange will be purchased in Russian domestic foreign exchange market every day, and the Russian reserve fund will include a total of 2122 billion rubles of foreign exchange. Although the relevant personnel said that the purchase of foreign exchange is to ensure the liquidity of the ruble, it will not affect the ruble, but this news also led to a sharp drop in the ruble exchange rate.
3. The Russian central bank has no intention of supporting the ruble.
Unlike many emerging market countries, the Russian central bank has never expressed its support for the ruble. In fact, more Russians want to see their currencies depreciate, because they can earn more rubles from energy exports (mainly for EU countries).
4. The crisis in Ukraine aggravated the market risk sentiment.
As a medium-sized country sandwiched between two superpowers, Ukraine has been unable to solve the fundamental problem of "caring about Europe" or "right deviation" for more than 20 years after the disintegration of the Soviet Union.
What to buy when currency depreciates;
Currency devaluation means that residents' money is worthless and their purchasing power is declining. In this case, gold, as a hard currency, has the function of storage, and gold is an effective way to resist inflation. Investors can consider buying some gold to preserve their value.
At the same time, investors can increase their income by investing in some wealth management products, and indirectly realize value preservation:
1, stock
Although stocks have risks, they also have benefits. In the long run, the earnings of blue-chip stocks and white-horse stocks are still considerable. Residents can choose to buy these stocks to preserve and increase their capital.
2. Funds
The income of the fund is between bank deposits and stocks, but the risk is less than stocks. In the case of currency depreciation, it is a good choice for some cautious investors to buy funds to maintain and increase their value.
In addition, investors can buy some fixed-income wealth management products that are higher than the deposit interest rate to achieve the purpose of maintaining value.