Economic Rebalancing and Electricity Demand in China
Economic Rebalancing and Electricity Demand in China

Author:

Publisher:

Published: 2015

Total Pages: 16

ISBN-13:

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Understanding the relationship between economic growth and electricity use is essential for power systems planning. This need is particularly acute now in China, as the Chinese economy is going through a transition to a more consumption and service oriented economy. This study uses 20 years of provincial data on gross domestic product (GDP) and electricity consumption to examine the relationship between these two factors. We observe a plateauing effect of electricity consumption in the richest provinces, as the electricity demand saturates and the economy develops and moves to a more service-based economy. There is a wide range of forecasts for electricity use in 2030, ranging from 5,308 to 8,292 kWh per capita, using different estimating functions, as well as in existing studies. It is therefore critical to examine more carefully the relationship between electricity use and economic development, as China transitions to a new growth phase that is likely to be less energy and resource intensive. The results of this study suggest that policymakers and power system planners in China should seriously re-evaluate power demand projections and the need for new generation capacity to avoid over-investment that could lead to stranded generation assets.

An Exploration into China's Economic Development and Electricity Demand by the Year 2050
An Exploration into China's Economic Development and Electricity Demand by the Year 2050

Author: Zhaoguang Hu

Publisher: Elsevier

Published: 2013-11-01

Total Pages: 216

ISBN-13: 0124201504

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An Exploration into China's Economic Development and Electricity Demand by the Year 2050, is an exploratory study of national and regional economic development, energy demand and electricity demand in China by the year of 2050. China’s economy grows rapidly and it is now the second largest economy in the world. In 2010, GDP reached 40 trillion Yuan and electricity consumption was second only to the United States, reaching 4.19 trillion kWh. Many people follow future (long-term) trends of Chinese economic development and demand for electricity closely and are especially interested in how development will look in 2030 and 2050. Based on the ILE4, this book examines the main features of China's economic development and electricity consumption since the economic reform of the 1980's. It includes an analysis of the intrinsic connection between electricity demand and economic growth and the changing trends of the adjustment of economic structure, regional layout optimization and development of the energy intensive industry, as well as how these factors impact China's demand for electricity. In addition, the book considers the next 20 years of China's economic development and growing demand for electricity based on the detailed simulations conducted by ILE4 in regional economic development and electricity consumption in 2030 as well as the prospective of China's electricity consumption and economic growth in the year 2050. Allows readers China’s economy from reform and opening up to 2050, including the national GDP, economy structure and economy of all the provinces and municipalities Examines China's economic development and electricity consumption since the economic reform of the 1980's Considers consumption of the next 20 years and demand by the year of 2050 based on simulations conducted by ILE4

Rebalancing and Sustaining Growth in China
Rebalancing and Sustaining Growth in China

Author: Huw McKay

Publisher: ANU E Press

Published: 2012-07-01

Total Pages: 386

ISBN-13: 1921862807

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The idea that China’s economy needs to rebalance is no longer controversial inside or outside the country. Whether it be the increasing recognition of income inequality at home; the still large external surplus; the focus on consumption and industrial upgrading in the policy discourse; the economic, political and social tensions associated with the major decline in housing affordability; the profound conflict between industrialisation, urbanisation and the biosphere; the profitability gulf between the top SOEs and private firms; or the uni-directional pressures pushing on the real exchange rate; the evidence in favour of a highly imbalanced structure is omnipresent. Rebalancing and Sustaining Growth in China brings together some of the world’s leading observers of the Chinese economy to debate the multifarious questions pertaining to rebalancing. How are we to make sense of the many, often contradictory, proposals that seek the same ultimate objective of a more sustainable growth model? What mix of policies will be most effective in addressing the required structural change without sacrificing prosperity along the way? Where should we look for root causes, and how can we avoid getting distracted by symptoms? How do China’s unique internal migration dynamics – and the Lewis turning point – constrain its options? What role will and should financial, fiscal and welfare reform play in the process? Where do water and energy security fit in? Can China innovate before it gets old – or can China get smart before it gets rich? And are intergenerational issues being taken into account?

China’s Rebalancing: Recent Progress, Prospects and Policies
China’s Rebalancing: Recent Progress, Prospects and Policies

Author: Rui Mano

Publisher: International Monetary Fund

Published: 2018-11-12

Total Pages: 17

ISBN-13: 1484380673

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While China’s growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage will remain a challenge. The authorities are already pursuing several pro-rebalancing policies which could be expanded to support each dimension of rebalancing while reducing trade-offs between them.

Rebalancing in China—Progress and Prospects
Rebalancing in China—Progress and Prospects

Author: Ms.Longmei Zhang

Publisher: International Monetary Fund

Published: 2016-09-06

Total Pages: 22

ISBN-13: 1475532938

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China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.

Strong Decoupling of Energy Uses from Economic Growth Triggered by China's Rebalancing Economy
Strong Decoupling of Energy Uses from Economic Growth Triggered by China's Rebalancing Economy

Author: Jinqi Zhao

Publisher:

Published: 2022

Total Pages: 0

ISBN-13:

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China's impressive economic growth over recent decades has been accompanied by a highly unsustainable use of natural resources, including by the energy sector. Environmental and resource problems have triggered the development of new energy strategies aimed at raising China's energy using efficiency, thereby decoupling the consumption of polluting energy from economic growth. China therefore appears to slowly detach itself from its past, highly polluting economic growth model, moving to a more environmentally sustainable economy. With 'green' energy sources now accounting for 15% of consumed energy, the country has nonetheless still a long way to go.

China's Power Sector
China's Power Sector

Author: John Wong

Publisher: World Scientific

Published: 1999-04-12

Total Pages: 48

ISBN-13: 9814495018

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China's power sector has performed impressively during the past twenty years in support of economic growth. Faced with the need to expand its power capacity, China is investing heavily in the construction of new power plants and self-financing capability. While the country still depends mainly on domestic capital funds to develop its power industry, foreign capital is increasingly sought to import power equipment and advanced technology.To bring in more capital, China has made efforts to attract foreign financial involvement, mainly in the form of multilateral and bilateral loans. Equally significant in the development of China's power sector are the establishment of regional power grids and the implementation of electricity tariff reform to tackle the problems of inefficient power distribution and usage.

Powering China:Reforming the Electric Power Industry in China
Powering China:Reforming the Electric Power Industry in China

Author: Xu Yi-chong

Publisher: Routledge

Published: 2018-02-05

Total Pages: 314

ISBN-13: 1351731947

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This title was first published in 2002: This study of the Chinese electric power industry examines the ownership and the restructuring of the industry. The reform of the electric power industry is also seen as part of the wider economic development that has been taking place in China, thus providing fresh perspectives on the changes taking place in both the economy and society more generally. Presenting a wealth of extensive research on the subject, the book elucidates the power struggle between political and bureaucratic elite and explains the sensitive and volatile relationship between the central and provincial government against an increasingly complex global background.

China’s Electricity Industry
China’s Electricity Industry

Author: Ma Xiaoying

Publisher: Springer Nature

Published: 2020-08-01

Total Pages: 93

ISBN-13: 3030539598

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This book provides a comprehensive account of the electricity industry in China, the world's largest power producer and carbon emitter. The authors describe the historical development of China’s energy sector and study the structure and economics of the industry. Furthermore, the book studies the impact of China’s substantial demand for coal, oil and natural gas on world energy markets and discusses future trends and reforms, such as the introduction of renewable energy sources. This book will appeal to anyone interested to broaden their knowledge on the past, present and future of Chinese electricity industry.