This website uses cookies to ensure you have the best experience. Learn more

Energy Issues In A Growing China A Bottleneck For Further Economic Growth ?

1770 words - 7 pages

1.0 Introduction25 years of economic reforms and growth unsurpassed in human history has made china the freight train economy of the world. China is not the biggest economy, but given time, there is no argument that china will be. However, in any given developing country there are several bottlenecks on important resources which can seriously hinder or even stagnate the economic development. In this report, the student will look at what issues the impending energy shortage china faces might mean to further development. How is the situation, what challenges does china face in energy production and consumption, and what might happen if these demands are not met?This student will try to answer that question through looking at the general growth of china the last 25 years, look at GDP growth, and link this to the Energy consumption vs energy production ( and import) of china. By doing so, the student will try to answer the questionHow does Chinas energy consumption correspond with its economic growing potential?The seed of modern China was planted in December 1978; two years after Chairman Mao's death cleared the way for change. VP Deng Xiaoping established his level of authority by starting a reform of the Chinese economy. More openness to market economy, more openness towards FDI, and more foreign influence in the Chinese markets.Chinese statistics show the real GDP to grow at an annual rate of 7.0% -. 9,3% thus making China the largest growing economy in history. ( real GDP grew by appr.9,5% Q1 2005.)During the last two decades the GDP increased 6.3 fold.In the beginning of 1979 China, under the architecture of Deng Xiao Ping, launched a series of economic reforms. Among the first feeble attempts were price and ownership incentives to the rural farmers, encouraging these to sell off parts of their crops onto the free market. Also, the governments established 4 so-called "special economic zones" aimed to attract FDI, boosting exports, and importing high tech equipment into China. More reforms followed in stages, in order to decentralize economic policymaking in several sectors. Provisional and regional governments were given the economical control over enterprises in their areas, and were in general allowed to conduct their business in the free marked, rather than under centralized guidance and planning.Along the coastal areas, cities were designated as open cities \ development zones, and allowed to experiment with market reforms, tax and trade incentives to attract foreign investments. And eventually state control and pricing on a multitude of products and resources was eliminated, furthering foreign interest in china.2.0 Historical GDP growth, and Energy usageChina, with its unprecedented historical growth, has also an unprecedented energy consumption that follows along the same lines as its GDP growth. With an annual average GDP growth of 9,3%, energy quickly become a scarce resource.Already around 1980, it became clear that the energy reserves...

Find Another Essay On Energy issues in a growing china - a bottleneck for further economic growth ?

China: Economic growth and Regional Development

4286 words - 17 pages for cheap labour, a fact that the Chinese government wanted to capitalize on.Slow rate of growth: China aped the Soviet economic model to a large extent from the 1950's. Though this led to a consistent growth of 4% per annum, this wasn't enough to sustain the economy, and did not solve the problem of unemployment.The Cultural Revolution was launched by Chinese community party chairman Mao Zedong in 1966 after the failure of the 'great leap forward

China set to cool off its Growth. An essay about the recent high levels of economic growth in china. Economics

638 words - 3 pages expenditure in public sector ( G ) must increase beyond private savings and taxes ( S and T ). This may not occur in China as the level of private saving is one of the highest in the world around 40-50% this only leaves a large increase in Govt. spending to offset the current account deficit increase.China's performance makes it the fastest growing among the world's major economies, outpacing the United States and far ahead of sluggish Japan. But even Chinese authorities are aware of the danger associated with uncontrollable growth and so the next move might even be a jump from 7.5 up to 9 % interest rates to curb enthusiasm.

Perceptions of Chinese Economic Growth and Environmental Issues

1394 words - 6 pages life quality of the people. While the country intensely focuses on economic stability and sustainability, the health of the environment in China has greatly suffered. The perception among the western developed nations is that Chinese people are only focused on economic growth with little to no regard for environmental issues. There is also the perception that in post-communist China, the Chinese government puts such emphasis on growing and

China, A Growing Country

1513 words - 6 pages which consists of solar power, wind energy, and sungrow power supply. Even though it is the leading producer of renewable energy it only plays a minor part in their countries energy supply consumption. China is moving very fast in being the biggest economy on earth its growth and development will remain a priority to many government officials, economist, and various other personnel around the world. . Enhancing China’s infrastructure for

Economic growth is a necessary condition for economic growth but not a sufficient condition for economic growth

502 words - 2 pages NATIONAL UNION OF PRESBYTERIAN STUDENTS - GHANAUNIVERSITY FOR DEVELOPMENT STUDIESNAVRONGO CAMPUSChurch Service - SUNDAYSMorning Devotion - MONDAYSPrayer Meetings - WEDNESDAYSYouth Meetings - FRIDAYS2013 / 2014 ACADEMIC YEARTHEME: THE GIFT OF THE HOLY SPIRIT IN THE CHURCH TODAY.WEBSITE: www.nupsgudsnav.comAPOSTLES CREEDI believe in God the Father AlmightyMaker of Heaven and EarthAnd in Jesus Christ His only Son Our LordWho was conceived by the

Amnesty is a Catalyst for Further Insurgency in Nigeria

904 words - 4 pages ). The government’s invitation for a discussion seemed to have given the rebel group a morale boost and their refusal caused high level panic and further insecurity nation-wide as they issued further threats. Nigerians are not allowed to own arms and there are no ways of protection asides the military which is often overpowered by these insurgents. When a rebel group is granted amnesty, there is every possibility for other groups to come up in order

Uganda: A Country in Need of Economic Growth

1202 words - 5 pages will permit a simpler way for the government to communicate with outside countries, and use other communication resources, such as the internet, to deliver economic goals to the public. “Afro-colonialism is a phenomenon in which an African nation is held hostage by an African leadership establishment. It is an act of control, domination, exploitation and oppression of the masses” (Kawuma, 2010). Uganda may have been able to achieve economic growth

A comparison of two types of renewable energies in China: hydro energy and biomass energy, in order to determine the most suitable for China’s future

1860 words - 7 pages Today it is the imperative of each country supply own citizens by water, food, energy, infrastructure. If country want to improve own economic, politic situations in the World, it should, first of all, advance the citizen’s level of living, because the main value of any country is the countries civilians. Therefore, one of the majorities of factors which could improve living level ipso facto improves industrial and economic situation of a

The Growing Demand for Energy

1252 words - 5 pages Introduction: The growing demand for energy is one that the supply has never been able to match. This constant search for new and viable energy sources has led to the advent of very unconventional and often controversial sources. One such source is nuclear energy. Since its first commercial introduction in 1960, nuclear energy has grown to become a major player in the energy sector generating 14 percent of the world's electricity. However, some

A Comprehensive Examination of the Turkish Economy with Recommendations and Rationale for Economic Growth

2127 words - 9 pages to help implement further economic reforms. The financial crisis had been so severe that it “pushed inflation up to 70 percent by the end of 2001 and increased the government’s debt ratio to more than 90 percent of GDP” (CountryWatch, 2013). In exchange for a three year $16 billion standby credit offer, Turkey agreed to implement the suggested IMF reforms. In a press statement issued in 2002 the IMF applauded Turkey for their commitment to

Shaping a Path for Growth and Prosperity in Nova Scotia

2546 words - 11 pages Shaping a path for growth and prosperity in Nova Scotia Through the Economic advisory panel, Nova Scotia has to control its own economy destiny and in the global economy. It has to adopt a much more disciplined and strategic approach in order to take advantage of the opportunities new emerging in the global market and the success of this government will be determined by its willingness to make the tough choices that can move Nova Scotia along

Similar Essays

India And China: A Comparison Of Economic Growth And Development

2154 words - 9 pages as the world's next major powers. Although the economies of these two emerging superpowers continue to grow they each face unique challenges in maintaining economic stability. (Chen, Kuan-I, 3)Achieving these levels of economic growth and gaining status as emerging world powers was not easy for India or China. "The present governments in both countries inherited economies torn by partition in the case of India and civil strife in China and

The Suffering Of China As A Result Of Economic Growth

1250 words - 5 pages more and more commodities, firms will utilise more and more capital resources, however some of them are non-renewable. “There is an insatiable demand for coal in China to feed the rapid economic growth in the country.” (By Peter Goff in the “the Sunday telegraph” published in Feb. 20th. 2005). Therefore, the shortage of fossil fuels will cause a recession of economy of China in the long run. Because of the swift economic growth, the demand

China Economic Growth Essay

972 words - 4 pages limited extent of relocating labor from country side is also a limiting factor to economic growth (Nabar & N’Diaye, 2013). Therefore vast residential investments are found empty in China (BBC, 2014). The other important aspect is the way how these investments were funded especially after the 2008 financial crisis which was mainly by the government’s stimulus package. Thirdly, demographic changes for instance shrinkage of working population is also a

How China Is Achieving Its Significant Economic Growth By Applying A Different Model Apart From Other East Asian Countries?

1696 words - 7 pages day has sharply declined to 13.4% in 2003 and further to 8% in 2009 from 60% in 1980 (Sahoo, Dash & Nataraj, 2010). China’s dramatic rapid economic growth has been a miracle of in the world. Reflecting the notion that as one of the most significant emerging economies, the world centre may be shifted to China, thus a couple of research studies have turned their attention from western advanced economies’ to China, trying to find out a model that