What are the benefits of rising oil for China?

As China is the largest crude oil importer in Asia and even the world, its consumption is very large, and the domestic crude oil shortage is also heavily dependent on foreign countries, the excessive rise in oil prices will benefit the upstream oil exploration and refining enterprises as a whole, and these enterprises will gain more profits from the oil price rise, but it will bring obvious negative effects to the downstream enterprises, especially the oil consumption industry, especially the aviation industry. In addition, the chemical fiber and rubber industries with petroleum as the main raw material will also face the pressure of rising costs. However, in the long run, the impact is not great. After all, the proportion of oil in China's energy consumption is only 18%, while that of coal is as high as 60%.

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