Low crude oil prices from 2014-2016 had positive effects on economies that import oil, like the US and China. Cheaper oil led to lower prices for consumers and increased production, benefiting businesses reliant on oil. China, a major oil importer, saw its foreign reserves grow due to lower oil prices. However, just lower oil prices alone may not be enough to boost the Chinese economy. The US, being the largest producer and consumer of oil, also benefited from the price drop. Overall, lower oil prices can lead to economic growth for countries that rely on oil imports.