The Sleeping Giant Awakes: Projecting Global Implications of China's Energy Consumption

Jian Zhang and Denise Konan
Authors registered in the RePEc Author Service: Jian Zhang and Jian Zhang

Review of Development Economics, 2010, vol. 14, issue 4, 750-767

Abstract: China's rapid economic growth has generated a surge in energy demand that is reallocating global fuel balances. We employ a global energy computable general‐equilibrium model to analyze alternative scenarios for economic growth, Chinese currency appreciation, and oil price shocks, with a special focus on China energy markets. Imports from the Middle East, Central Asia, Russia, and Sub‐Saharan Africa are found to comprise a growing share of China's energy. Imports to China grow from 12% of world energy imports in 2010 to 17% by 2050 when over 80% of China's oil demand will be imported.

Date: 2010
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