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这是 Economist Espresso 栏目的第49篇精选文章：

Crude beginnings: China’s oil futures

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0049 粗糙的开始：中国原油期货.mp30:0

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Crudebeginnings: China’s oil futures

The world’s biggest importer of oil is trying to get more say over its pricing. China launched crude futures today, with three goals.

Narrowly, it wants to help domestic companies hedge against volatility in the oil price.

More ambitiously, it hopes to create a benchmark for Asia, rivalling Brent in Europe and West Texas Intermediate in America.

Most ambitiously, it thinks the crude contract, priced in yuan, will boost its currency as an alternative to the dollar.

With the oil market so diffuse globally and the dollar the accepted standard for pricing, it could take years for China to have much of an impact.

The immediate priority for the Shanghai Futures Exchange, which will host the contract, is a smooth launch. Early signs were promising.

To ward off speculators, notorious in Chinese markets, it has made the storage of oil very dear. But a modest start should not obscure China’s long-term aspirations.

好，到今天为止，你已经阅读了49篇《经济学人》浓缩咖啡文章。今天的文章是中国原油期货在上海期货交易所正式上市交易、从而让中国期货市场迈出通往国际化的重要一步的话题，全文161个单词，包含19个重要的 TOEFL and/or SAT 词汇。恭喜你，距离 TOEFL 120 和 SAT 1600 又近一步。

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