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

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  • Jian Zhang
  • Denise Eby Konan

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.

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  • Jian Zhang & Denise Eby Konan, 2010. "The Sleeping Giant Awakes: Projecting Global Implications of China's Energy Consumption," Review of Development Economics, Wiley Blackwell, vol. 14(4), pages 750-767, November.
    • Handle: RePEc:bla:rdevec:v:14:y:2010:i:4:p:750-767
    DOI: 10.1111/j.1467-9361.2010.00586.x
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    3. Railh Gugus Tresor Massonini Ngoma & Cety Gessica Abraham Mahanga Tsoni & Xiangrui Meng & Sumaiya Bashiru Danwana, 2023. "The Impact of the Mining Equipment, Technological Trends, and Natural Resource Demand on Climate Change in Congo," Sustainability, MDPI, vol. 15(2), pages 1-28, January.

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