18 Pages Posted: 25 Oct 2010
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.
Suggested Citation: Suggested Citation
Zhang, Jian and Konan, Denise Eby, The Sleeping Giant Awakes: Projecting Global Implications of China's Energy Consumption. Review of Development Economics, Vol. 14, No. 4, pp. 750-767, November 2010. Available at SSRN: https://ssrn.com/abstract=1695718 or http://dx.doi.org/10.1111/j.1467-9361.2010.00586.x
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