China's Impact on the Global Wind Power Industry
AbstractChina’s economic rise has transformed the global economy in a number of manufacturing industries. This paper investigates whether China’s transformative influence extends to the new green economy. Drawing on the debate about how China is driving major economic changes in the world – the “Asian drivers” debate – it identifies five corridors of influence and investigates their relevance for the wind energy industries. Starting with the demand side, it suggests that the size and rapid growth of the Chinese market have a major influence on competitive parameters in the global wind power industry. While Western firms have found ways of participating in the growth of the Chinese market, the government’s procurement regimes benefit Chinese firms. The latter have invested heavily and learned fast, accumulating production capabilities that have led to changes in the global pecking order of lead firms. While the combined impact of Chinese market and production power is already visible, other influences are beginning to be felt – arising from China’s coordination, innovation and financing power.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 49604.
Date of creation: 2013
Date of revision:
Publication status: Published in Journal of Current Chinese Affairs 1.42(2013): pp. 37-69
China; wind energy; global value chain; economic power; Asian drivers; coordination power; innovation; finance;
Find related papers by JEL classification:
- F6 - International Economics - - Economic Impacts of Globalization
- L0 - Industrial Organization - - General
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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