The edible oil may have a certain impact on China. Although Indonesia's economy is not very developed, its local edible oil exports account for 5% ~ 20% of the global/kloc-0. China also imports a considerable amount of edible oil from Indonesia every year. After the export ban, China can only shift the direction of edible oil imports to other countries, which may lead to the purchase of less edible oil at the same price. On the other hand, China is also a big producer of edible oil. Although some areas rely on imported edible oil to maintain their lives, in a short time.
For China, after Indonesia bans the export of nickel, palm oil and bauxite, the international community will raise the prices of corresponding raw materials, which will promote the rise of domestic inflation to some extent.
Reducing the circulation rate of RMB in the international community means reducing the circulation rate of RMB in the international community. For China, after the introduction of the corresponding export ban policy, Indonesia will increase its domestic financial expenditure, so many foreign exchange financial institutions in the international money market will reduce their RMB reserves, thus reducing the circulation of RMB in the international market to some extent.
After the export ban, China can only transfer the import direction of edible oil to other countries, which may lead to less edible oil at the same price. On the other hand, China is also a big producer of edible oil. Although some areas depend on imported edible oil for their livelihood, China can solve its own edible oil problem in a short time. A researcher from China Academy of Social Sciences said in an interview that the annual output and storage of grain production in China are very abundant at present, especially the output and storage of major grain crops such as rice and wheat are very large, and they are less dependent on the international market to some extent.