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Are China's solar PV products competitive in the context of the Belt and Road Initiative?

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  • Shuai, Jing
  • Chen, Chien-fei
  • Cheng, Jinhua
  • Leng, Zhihui
  • Wang, Zihan

Abstract

The recent "Belt and Road Initiative" proposed by the Chinese government has received world-wide attention. This research investigates the international competitiveness of China's solar Photovoltaic (PV) products and measures the long-term trend of the international competitiveness of solar PV products during 2007–2016 in the context of the "Belt and Road Initiative" by adopting constant market share (CMS) model and revealed comparative advantage (RCA) method. The results indicate that: (1) the overall international competitiveness of solar PV products in China has shown an upward trend, and the world demand is the main reason causing the fluctuation of the total export volume; (2) the comparative advantages of the major categories of solar PV products are strong, with evident differences among different categories; (3) the market agglomeration of Chinese solar PV products has been shaped to the regional markets where the demand growth is fast, such as in ASEAN and South Asia and; (4) the irrational structure is an important factor inhibiting the overall international competitiveness of China's export of solar PV products. Finally, we propose corresponding policy implications based on these findings.

Suggested Citation

  • Shuai, Jing & Chen, Chien-fei & Cheng, Jinhua & Leng, Zhihui & Wang, Zihan, 2018. "Are China's solar PV products competitive in the context of the Belt and Road Initiative?," Energy Policy, Elsevier, vol. 120(C), pages 559-568.
    • Handle: RePEc:eee:enepol:v:120:y:2018:i:c:p:559-568
    DOI: 10.1016/j.enpol.2018.05.042
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    Cited by:

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    6. Wang Lai Wang & Marek Kryszak, 2020. "Technological Progress and Supply Base under Uncertain Market Conditions: The Case Study of the Taiwanese c-Si Solar Industry 2016–2019," Energies, MDPI, vol. 13(21), pages 1-25, November.
    7. Qian Luo & Guohua Fang & Jian Ye & Min Yan & Chengxuan Lu, 2020. "Country Evaluation for China’s Hydropower Investment in the Belt and Road Initiative Nations," Sustainability, MDPI, vol. 12(19), pages 1-19, October.
    8. Yuan, Jiahai & Li, Xinying & Xu, Chuanbo & Zhao, Changhong & Liu, Yuanxin, 2019. "Investment risk assessment of coal-fired power plants in countries along the Belt and Road initiative based on ANP-Entropy-TODIM method," Energy, Elsevier, vol. 176(C), pages 623-640.
    9. Shuai, Jing & Zhao, Yujia & Wang, Yilan & Cheng, Jinhua, 2022. "Renewable energy product competitiveness: Evidence from the United States, China and India," Energy, Elsevier, vol. 249(C).
    10. Zhao, Yujia & Shuai, Jing & Shi, Yin & Lu, Yang & Zhang, Zumeng, 2022. "Exploring the co-opetition mechanism of renewable energy trade between China and the “Belt and Road” countries: A dynamic game approach," Renewable Energy, Elsevier, vol. 191(C), pages 998-1008.
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