Abstract:Oil price continually rising and at high level will cause great impact on not only world economy but also China’s economy. In this paper, the impact of high oil price on china’s social-economy is analyzed, and the related policies are also discussed, which are conducted by applying the energy-economy model. The results show that oil price increase pricks up inflation, mitigates economic growth, weakens investment and financing capacity of stock market and lowers residents’ living standard. Oil price and export regulation, technology improvement in related departments help to relax the pressure of oil price increase. Moreover, we put forward some other policies implications such as perfecting oil pricing mechanisms, etc.