1, automobile industry chain
First of all, if the number of car purchases rises rapidly, it will have a pulling effect on the entire automobile industry chain. For example, the turnover of auto parts manufacturers, auto parts retailers, major repair departments or 4s stores will increase, and the wages of all their employees may increase accordingly. From an economic point of view, this phenomenon should be a very good one. Employees will buy cars repeatedly after they have money, so the formation of this economic circle is beneficial to China's economy.
2. Development of petrochemical industry
After the price of crude oil is lowered, it will also promote the development of petrochemical industry. For example, oil companies may further develop the saved funds. Of course, development projects are closely related to refining crude oil. To put it simply, if the ability to refine crude oil is improved, the quantity of gasoline extracted from crude oil will increase greatly, and the quality of gasoline will get better and better, which is also good news for our people.
3. Military development
In fact, the great role of oil is not only applied to our automobile field, but also to the development of military field. Because now is the era of hot weapons, many military weapons such as cars and airplanes need the support of gasoline, so the reduction of oil prices is also likely to promote the development of the military field. For example, the national army can save a large part of its funds for military research and so on.