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Energy and the Economy in China

In: The Palgrave Handbook of International Energy Economics

Author

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  • Michal Meidan

    (Oxford Institute for Energy Studies)

Abstract

China’s rapid economic growth has generated a voracious appetite for energy. Despite large domestic resources of coal, oil and gas, the country has emerged as a key importer of oil and natural gas, exposing it to vulnerabilities associated with import dependence. Over the course of China’s economic expansion, its energy policy has been geared towards ensuring adequate supplies at affordable prices to end-users, preferring to use administrative measures to regulate supply and demand rather than market mechanisms. Yet as the country’s economic structure shifts away from heavy industry and towards consumer services, its energy needs and choices are changing, while the role of markets is expanding. And the negative environmental impact of China’s energy choices has now become a social concern, as well as an industrial opportunity.

Suggested Citation

  • Michal Meidan, 2022. "Energy and the Economy in China," Springer Books, in: Manfred Hafner & Giacomo Luciani (ed.), The Palgrave Handbook of International Energy Economics, chapter 0, pages 631-647, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-86884-0_31
    DOI: 10.1007/978-3-030-86884-0_31
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