Overview of the Chinese Electricity Industry and Its Current Issues

Hongliang Yang ()

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: In China, many ongoing problems in the electricity sector can be traced back to the old ‘centrally planned’ economy. Since the start of liberalization in the 1980s, the clash between a liberalized economy (excluding a few so-called strategic industries) and a centrally controlled electricity industry has gradually become more and more apparent. The Chinese electricity industry is in need of constructive restructuring. In the absence of a universal agreement on optimal industry design, the Chinese government should have a firm and clear understanding of the implications of electricity restructuring for long-term social welfare. Otherwise the electricity industry might, again, be locked into an inferior industry design which would be very costly to change.

Keywords: Chinese electricity industry; reform; electricity policy (search for similar items in EconPapers)
JEL-codes: L22 L52 Q48 (search for similar items in EconPapers)
Pages: 46
Date: 2006-02
New Economics Papers: this item is included in nep-cna, nep-com, nep-ene, nep-sea and nep-tra
Note: IO
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:0617

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