THE PROBLEMS OF CHINA AS A MAJOR CONSUMER OF ENERGY RESOURCES

Natalia Victorovna Kuznetsova, Alla Anatolyevna Kravchenko
2020 International Journal of Energy Economics and Policy  
The high rates of development in China are increasingly indicated the insufficiency of their own energy resources to maintain the positive dynamics of the growth of the national economy. In the absence of structural changes in the Chinese energy industry, exacerbation of the environmental problem is likely to reduce the inflow of foreign direct investment, on which the PRC economy is also mainly dependent. It is justified that with the rapid growth of the Chinese economy, the problems are
more » ... g as the obstacle to the further economic development of the country; it is growing the interdependence of the Chinese and world economies, which is a hidden threat to the stability and well-being of the global economy represented by the PRC. Over the past 40 years, China has shown rapid and significant economic growth, passed the way from agrarian to industrial economy: Its GDP increased by an average of 9.8% per year, which represents dynamic economic growth, which is currently making China the second largest economy in the world for nominal GDP after the USA. The purpose of this research is to assess the achievements and problems of the energy sector of the PRC. In this research, we look at the energy problems of China. We prove that the depth of the problems with an increase in energy consumption, is determined by the extremely low rates of growth in the efficiency of Chinese energy, which involves a number of other economic and social problems. The high rates of development in China are increasingly indicated the insufficiency of their own energy resources to maintain the positive dynamics of the growth of the national economy. However, the high rates of the Chinese economy were not ensured by the corresponding development of the fuel and energy complex, which is a problem for the further development of China. The RPC This Journal is licensed under a Creative Commons Attribution 4.0 International License
doi:10.32479/ijeep.8478 fatcat:pe23skqjtzbprn5j6forvfacxa