At present,with the steady development of the global economy,more and more countries begin to pay attention to the impact of ecological environment on economic development and human society,so the ecological environme...At present,with the steady development of the global economy,more and more countries begin to pay attention to the impact of ecological environment on economic development and human society,so the ecological environment has become a global issue that cannot be ignored in today’s era.Therefore,from the perspective of the ecological philosophy of Diversity&Harmony as well as Interaction&Co-existence,this paper will conduct ecological discourse analysis on the Energy in China’s New Era based on the transitivity system of systemic-functional grammar,and use the Corpus analysis software UAM Corpus Tool 3.3x to label and make statistics on the transitivity system,aiming to explore the distribution characteristics of the transitivity system in this white paper.Through the transitivity analysis of the white paper,this study helps readers to have a deeper understanding of the positive significance contained in the white paper.To a certain extent,it enables readers at home and abroad to understand China’s stance on energy issues and the positive image of China in energy ecology.It also awaken readers’awareness of environmental protection and acquire good habits of resource conservation to be in harmony between human and nature for sustainable development.展开更多
This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade...This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.展开更多
Nuclear power will be a must for Chinafor its energy development to meet thelarge energy demand of its hugepopulation and rapid economic development. China’s self-designed Qinshan NuclearPower Station of 300,000 kw i...Nuclear power will be a must for Chinafor its energy development to meet thelarge energy demand of its hugepopulation and rapid economic development. China’s self-designed Qinshan NuclearPower Station of 300,000 kw is now runningsmoothly.Its power generation units’ loadfactor was 66 percent in 1993 and 68 percentin 1994.Through examination andmeasurement,it can be certain that the designand manufacture quality of China-made fuelauxiliaries,steam generators and turbo-generation units at the station are reliableand satisfactory,with its radiative materialdischarge to the environment far below thenational level,not affecting the ambientenvironment radiative level.In July,1995,the Qinshan Nuclear Power Station wasaccepted by the State,enabling China展开更多
Imports and exports In the period of January-October,Chinese imports and exports have maintained rapid growth,the structure has continued to be optimized,the transformation of growth drivers has been accelerated,the q...Imports and exports In the period of January-October,Chinese imports and exports have maintained rapid growth,the structure has continued to be optimized,the transformation of growth drivers has been accelerated,the quality and efficiency have improved,and momentum of steady growth has been further consolidated.展开更多
For a long time, imports were always an important component part of China’s auto market, an important means for regulating the balance of supply and demand on the domestic market. But along with the rapid development...For a long time, imports were always an important component part of China’s auto market, an important means for regulating the balance of supply and demand on the domestic market. But along with the rapid development of the domestic auto industry, the position and action of automobile imports on the do-展开更多
China’s crude oil imports hit a record high in the first half of 2016 despite an economic slowdown,and analysts largely attributed the surge to low prices,not strategic maneuvering.The country imported 186.5 million ...China’s crude oil imports hit a record high in the first half of 2016 despite an economic slowdown,and analysts largely attributed the surge to low prices,not strategic maneuvering.The country imported 186.5 million tons of crude oil in the first half of the year,23.15 million展开更多
Wave energy resources are abundant in both offshore and nearshore areas of the China's seas. A reliable assessment of the wave energy resources must be performed before they can be exploited. First, for a water depth...Wave energy resources are abundant in both offshore and nearshore areas of the China's seas. A reliable assessment of the wave energy resources must be performed before they can be exploited. First, for a water depth in offshore waters of China, a parameterized wave power density model that considers the effects of the water depth is introduced to improve the calculating accuracy of the wave power density. Second, wave heights and wind speeds on the surface of the China's seas are retrieved from an AVISO multi-satellite altim-eter data set for the period from 2009 to 2013. Three mean wave period inversion models are developed and used to calculate the wave energy period. Third, a practical application value for developing the wave energy is analyzed based on buoy data. Finally, the wave power density is then calculated using the wave field data. Using the distribution of wave power density, the energy level frequency, the time variability indexes, the to-tal wave energy and the distribution of total wave energy density according to a wave state, the offshore wave energy in the China's seas is assessed. The results show that the areas of abundant and stable wave energy are primarily located in the north-central part of the South China Sea, the Luzon Strait, southeast of Taiwan in the China's seas; the wave power density values in these areas are approximately 14.0–18.5 kW/m. The wave energy in the China’s seas presents obvious seasonal variations and optimal seasons for a wave energy utilization are in winter and autumn. Except for very coastal waters, in other sea areas in the China's seas, the energy is primarily from the wave state with 0.5 m≤Hs≤4 m, 4 s≤Te≤10 s whereHs is a significant wave height andTe is an energy period; within this wave state, the wave energy accounts for 80% above of the total wave energy. This characteristic is advantageous to designing wave energy convertors (WECs). The practical application value of the wave energy is higher which can be as an effective supplement for an energy con-sumption in some areas. The above results are consistent with the wave model which indicates fully that this new microwave remote sensing method altimeter is effective and feasible for the wave energy assessment.展开更多
The emission of the traditional energy chemical industry accounts for 20% of the total manmade VOC emission in China, of which coal chemical and petrochemical plants are one of the most important VOC emission sources....The emission of the traditional energy chemical industry accounts for 20% of the total manmade VOC emission in China, of which coal chemical and petrochemical plants are one of the most important VOC emission sources. VOC emission sources mainly include the leakage of oil refinery units and equipment, pipes and valves, respiration and leakage of various types of storage tanks, effusion of oils during loading and unloading, effusion of sewage treatment systems, all kinds of process tail gas, etc. In this paper, the current management status of VOC emission in China’s coal chemical industry and petrochemical industry are analyzed, which divides VOC management into intentional and fugitive emission. The Leak Detection and Repair (LDAR) management method and technology for equipment, pipes and valves implemented in the United States are studied to propose self-inspection management methods and measures for VOC emissions in the energy chemical industry, providing strategies and recommendations for energy conservation, emission reduction and cleaner production in the traditional energy chemical industry.展开更多
China is abundant in iron-ore resources, with proven ore reserves of 576.62×10^8 t and proven reserves of 210×10^8 t, containing an average iron content of 33%. However, the rich iron-ore reserves of 10.85...China is abundant in iron-ore resources, with proven ore reserves of 576.62×10^8 t and proven reserves of 210×10^8 t, containing an average iron content of 33%. However, the rich iron-ore reserves of 10.85×10^8 t only account for 1.9% of all proven reserves. China's iron-ore resources are characterized by many lean ores and a few rich ones.展开更多
As the world's authoritative organization on energy information, the International Energy Agency (IEA), which was founded in 1974, releases Key World Energy Statistics every year from 1997 (hereinafter referred to...As the world's authoritative organization on energy information, the International Energy Agency (IEA), which was founded in 1974, releases Key World Energy Statistics every year from 1997 (hereinafter referred to as the "Key Data"). The "Key Data" released in 2007 announced the 2005 statistics, and also provided the 1973 statistics for comparison. From the published data, we can clearly find the development path and trend of the world energy and power industry. Also, China's strong development momentum, high- speed growth of energy consumption and the enormous challenges in the sustainable energy supply are especially noticeable. This paper reviewed the "Key Data" to perceive China's Energy Development. The analysis and interpretation of these data are purely from the author's point of view.展开更多
With the rapid and continual growth of national economy, the gap between oil demand and supply keeps widening in China, therefore China will increasingly depend on imported oil. However, the world's oil and gas resou...With the rapid and continual growth of national economy, the gap between oil demand and supply keeps widening in China, therefore China will increasingly depend on imported oil. However, the world's oil and gas resources are unevenly distributed; global world's oil prices remain high; and over 70 percent of China's imported oil has to be shipped through the Malacca Strait. There are various ways to ensure China's oil security today, and the practical and feasible strategic option is to increase the discovery and production of domestic oil, raise energy efficiency and develop petroleum substitutes. Scientific and technological innovation is crucial both in new oil reserves discovery and production, energy conservation, and in the development of petroleum substitutes, establishment of a strategic oil reserve system and for environment protection. This indicates that China should take effective measures in investment strategy, fiscal policies, financing instruments, intellectual property protection, fostering talents and professionals, so as to establish its own scientific and technological innovation system in the petroleum industry and be better able to ensure oil security.展开更多
China’s electronics and machinery exports have witnessed rapid development since China expanded its electronics and machinery exports as a strategic policy in its foreign trade development in 1985. Similarly, electro...China’s electronics and machinery exports have witnessed rapid development since China expanded its electronics and machinery exports as a strategic policy in its foreign trade development in 1985. Similarly, electronics and machinery imports also maintained their growth pace in line with China’s national economic development. China’s electronics and machinery trade with foreign countries stood at US$19.97 billion in 1985, with exports taking US$1.68 billion and imports US$18.29 billion. By the year 1994, China’s electronics and machinery展开更多
Two estimaton methods are used to calculate the theoretical reservoir potential of China's oceanic thermal energy. One is based on the measured temperature difference between the surface water and the deep water, ...Two estimaton methods are used to calculate the theoretical reservoir potential of China's oceanic thermal energy. One is based on the measured temperature difference between the surface water and the deep water, the other on the net radiation energy income from solar insolation either measured or deduced. The results from these two methods are compared and examined. Then, the maximum amount of the exploitable thermal energy is calculated based on the assumption of a Carnot cycle efficiency. In the process of estimation, such factors as water depth, seasonal water temperature variation and geographic location have been taken into account.The theoretical reservoir capacity and the exploitable quantity of the thermal energy of China's four seas are thus estimated separately.展开更多
China's international energy cooperation and energy security are important parts of The Belt and Road initiatives. China and the countries along the Belt and Road continue to promote cooperation, actively use the exi...China's international energy cooperation and energy security are important parts of The Belt and Road initiatives. China and the countries along the Belt and Road continue to promote cooperation, actively use the existing bilateral and multilateral cooperation mechanisms to promote the regional and inter-regional energy cooperation. Countries along the Belt and Road are rich in oil and gas resources; their demand on the diversification of export meet with the diversification demand on imports of consumption countries; and their oil refining and chemical technology as well as construction capacity is weak, which provides a lot of new opportunities in cooperation for Chinese enterprises. However, the energy cooperation of Chinese enterprises are also facing some challenges in the complex environment of energy cooperation, the interference of big powers, non-traditional security threats, and energy policy factors. Finally, the paper puts forward the strategic thinking of China's international energy cooperation under the new situation.展开更多
Under the dual pressures of energy crisis and environmental pollution,China’s new energy power industry has become a focal point for environmental management and requires greater investment.In this context,as a signi...Under the dual pressures of energy crisis and environmental pollution,China’s new energy power industry has become a focal point for environmental management and requires greater investment.In this context,as a significant input of investment projects,discount rate requires a well-calibrated evaluation because new energy power investment projects are highly capital intensive.The main objective of this paper is to evaluate the discount rate of China’s new energy power industry.First,we use Moving Average to correct the parameters of capital asset pricing model(CAPM)and weighted average cost of capital,which extends the literature on the avoidance of CAPM noise information problem.Second,we study the industry-level annual discount rates of mainly China’s new energy power industries,including hydropower,nuclear power,wind power,and photovoltaic power industries for the period of 2014-2019.The results show that discount rates in China’s new energy power industries evolved differently between the years of 2014-2019 with average annual discount rates being 7.56%,5.83%,5.60%,and 8.64%,for the hydropower,nuclear power,wind power,and photovoltaic power industries,respectively.In 2019,the four annual discount rates were highest for the photovoltaic power industry(8.66%),followed by hydropower(7.17%),wind power(5.72%),and nuclear power industry(5.26%).Forecasting to 2020 from the 2019 evaluation base period,the discount rates are 6.37%,5.00%,6.57%,and 9.05%for the photovoltaic power,hydropower,wind power,and nuclear power industries,respectively.Under the different capital structures,their forecasts for the photovoltaic power,hydropower,wind power,and nuclear power industries in 2020 are,respectively,within[4.35%,9.24%],[3.92%,7.10%],[4.58%,10.40%],[5.46%,14.81%].We also discussed more details on capital structure and forecast period of discount rates for China’s new energy power industries.Our analysis shows that it is necessary to establish a new energy power industry database and steadily promote the implementation of policies.展开更多
China’s slower economic growth and its economic transition and fuel mix will have a major impact on the global energy market in the next 20 years,according to the 2017 BP Energy Outlook released in Washington in earl...China’s slower economic growth and its economic transition and fuel mix will have a major impact on the global energy market in the next 20 years,according to the 2017 BP Energy Outlook released in Washington in early February of 2017.The report projects that China’s energy demand growth will slow down to 1.9 percent a year through the next 20 years to 2035,less than a third of China’s pace in the last 20 years of 6.3 percent a year.However,China will still consume more than a quarter展开更多
文摘At present,with the steady development of the global economy,more and more countries begin to pay attention to the impact of ecological environment on economic development and human society,so the ecological environment has become a global issue that cannot be ignored in today’s era.Therefore,from the perspective of the ecological philosophy of Diversity&Harmony as well as Interaction&Co-existence,this paper will conduct ecological discourse analysis on the Energy in China’s New Era based on the transitivity system of systemic-functional grammar,and use the Corpus analysis software UAM Corpus Tool 3.3x to label and make statistics on the transitivity system,aiming to explore the distribution characteristics of the transitivity system in this white paper.Through the transitivity analysis of the white paper,this study helps readers to have a deeper understanding of the positive significance contained in the white paper.To a certain extent,it enables readers at home and abroad to understand China’s stance on energy issues and the positive image of China in energy ecology.It also awaken readers’awareness of environmental protection and acquire good habits of resource conservation to be in harmony between human and nature for sustainable development.
基金the Vermont Agricultural Experiment Station at the University Vermont,USA,and the National Social Science Fund of China(17ZDA067)for financial support of this project。
文摘This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.
文摘Nuclear power will be a must for Chinafor its energy development to meet thelarge energy demand of its hugepopulation and rapid economic development. China’s self-designed Qinshan NuclearPower Station of 300,000 kw is now runningsmoothly.Its power generation units’ loadfactor was 66 percent in 1993 and 68 percentin 1994.Through examination andmeasurement,it can be certain that the designand manufacture quality of China-made fuelauxiliaries,steam generators and turbo-generation units at the station are reliableand satisfactory,with its radiative materialdischarge to the environment far below thenational level,not affecting the ambientenvironment radiative level.In July,1995,the Qinshan Nuclear Power Station wasaccepted by the State,enabling China
文摘Imports and exports In the period of January-October,Chinese imports and exports have maintained rapid growth,the structure has continued to be optimized,the transformation of growth drivers has been accelerated,the quality and efficiency have improved,and momentum of steady growth has been further consolidated.
文摘For a long time, imports were always an important component part of China’s auto market, an important means for regulating the balance of supply and demand on the domestic market. But along with the rapid development of the domestic auto industry, the position and action of automobile imports on the do-
文摘China’s crude oil imports hit a record high in the first half of 2016 despite an economic slowdown,and analysts largely attributed the surge to low prices,not strategic maneuvering.The country imported 186.5 million tons of crude oil in the first half of the year,23.15 million
基金The Ocean Renewable Energy Special Fund Project of the State Oceanic Administration of China under contract No.GHME2011ZC07the Dragon Ⅲ Project of the European Space Agency and Ministry of Science and Technology of China under contract No.10412
文摘Wave energy resources are abundant in both offshore and nearshore areas of the China's seas. A reliable assessment of the wave energy resources must be performed before they can be exploited. First, for a water depth in offshore waters of China, a parameterized wave power density model that considers the effects of the water depth is introduced to improve the calculating accuracy of the wave power density. Second, wave heights and wind speeds on the surface of the China's seas are retrieved from an AVISO multi-satellite altim-eter data set for the period from 2009 to 2013. Three mean wave period inversion models are developed and used to calculate the wave energy period. Third, a practical application value for developing the wave energy is analyzed based on buoy data. Finally, the wave power density is then calculated using the wave field data. Using the distribution of wave power density, the energy level frequency, the time variability indexes, the to-tal wave energy and the distribution of total wave energy density according to a wave state, the offshore wave energy in the China's seas is assessed. The results show that the areas of abundant and stable wave energy are primarily located in the north-central part of the South China Sea, the Luzon Strait, southeast of Taiwan in the China's seas; the wave power density values in these areas are approximately 14.0–18.5 kW/m. The wave energy in the China’s seas presents obvious seasonal variations and optimal seasons for a wave energy utilization are in winter and autumn. Except for very coastal waters, in other sea areas in the China's seas, the energy is primarily from the wave state with 0.5 m≤Hs≤4 m, 4 s≤Te≤10 s whereHs is a significant wave height andTe is an energy period; within this wave state, the wave energy accounts for 80% above of the total wave energy. This characteristic is advantageous to designing wave energy convertors (WECs). The practical application value of the wave energy is higher which can be as an effective supplement for an energy con-sumption in some areas. The above results are consistent with the wave model which indicates fully that this new microwave remote sensing method altimeter is effective and feasible for the wave energy assessment.
文摘The emission of the traditional energy chemical industry accounts for 20% of the total manmade VOC emission in China, of which coal chemical and petrochemical plants are one of the most important VOC emission sources. VOC emission sources mainly include the leakage of oil refinery units and equipment, pipes and valves, respiration and leakage of various types of storage tanks, effusion of oils during loading and unloading, effusion of sewage treatment systems, all kinds of process tail gas, etc. In this paper, the current management status of VOC emission in China’s coal chemical industry and petrochemical industry are analyzed, which divides VOC management into intentional and fugitive emission. The Leak Detection and Repair (LDAR) management method and technology for equipment, pipes and valves implemented in the United States are studied to propose self-inspection management methods and measures for VOC emissions in the energy chemical industry, providing strategies and recommendations for energy conservation, emission reduction and cleaner production in the traditional energy chemical industry.
文摘China is abundant in iron-ore resources, with proven ore reserves of 576.62×10^8 t and proven reserves of 210×10^8 t, containing an average iron content of 33%. However, the rich iron-ore reserves of 10.85×10^8 t only account for 1.9% of all proven reserves. China's iron-ore resources are characterized by many lean ores and a few rich ones.
文摘As the world's authoritative organization on energy information, the International Energy Agency (IEA), which was founded in 1974, releases Key World Energy Statistics every year from 1997 (hereinafter referred to as the "Key Data"). The "Key Data" released in 2007 announced the 2005 statistics, and also provided the 1973 statistics for comparison. From the published data, we can clearly find the development path and trend of the world energy and power industry. Also, China's strong development momentum, high- speed growth of energy consumption and the enormous challenges in the sustainable energy supply are especially noticeable. This paper reviewed the "Key Data" to perceive China's Energy Development. The analysis and interpretation of these data are purely from the author's point of view.
文摘With the rapid and continual growth of national economy, the gap between oil demand and supply keeps widening in China, therefore China will increasingly depend on imported oil. However, the world's oil and gas resources are unevenly distributed; global world's oil prices remain high; and over 70 percent of China's imported oil has to be shipped through the Malacca Strait. There are various ways to ensure China's oil security today, and the practical and feasible strategic option is to increase the discovery and production of domestic oil, raise energy efficiency and develop petroleum substitutes. Scientific and technological innovation is crucial both in new oil reserves discovery and production, energy conservation, and in the development of petroleum substitutes, establishment of a strategic oil reserve system and for environment protection. This indicates that China should take effective measures in investment strategy, fiscal policies, financing instruments, intellectual property protection, fostering talents and professionals, so as to establish its own scientific and technological innovation system in the petroleum industry and be better able to ensure oil security.
文摘China’s electronics and machinery exports have witnessed rapid development since China expanded its electronics and machinery exports as a strategic policy in its foreign trade development in 1985. Similarly, electronics and machinery imports also maintained their growth pace in line with China’s national economic development. China’s electronics and machinery trade with foreign countries stood at US$19.97 billion in 1985, with exports taking US$1.68 billion and imports US$18.29 billion. By the year 1994, China’s electronics and machinery
文摘Two estimaton methods are used to calculate the theoretical reservoir potential of China's oceanic thermal energy. One is based on the measured temperature difference between the surface water and the deep water, the other on the net radiation energy income from solar insolation either measured or deduced. The results from these two methods are compared and examined. Then, the maximum amount of the exploitable thermal energy is calculated based on the assumption of a Carnot cycle efficiency. In the process of estimation, such factors as water depth, seasonal water temperature variation and geographic location have been taken into account.The theoretical reservoir capacity and the exploitable quantity of the thermal energy of China's four seas are thus estimated separately.
文摘China's international energy cooperation and energy security are important parts of The Belt and Road initiatives. China and the countries along the Belt and Road continue to promote cooperation, actively use the existing bilateral and multilateral cooperation mechanisms to promote the regional and inter-regional energy cooperation. Countries along the Belt and Road are rich in oil and gas resources; their demand on the diversification of export meet with the diversification demand on imports of consumption countries; and their oil refining and chemical technology as well as construction capacity is weak, which provides a lot of new opportunities in cooperation for Chinese enterprises. However, the energy cooperation of Chinese enterprises are also facing some challenges in the complex environment of energy cooperation, the interference of big powers, non-traditional security threats, and energy policy factors. Finally, the paper puts forward the strategic thinking of China's international energy cooperation under the new situation.
文摘Under the dual pressures of energy crisis and environmental pollution,China’s new energy power industry has become a focal point for environmental management and requires greater investment.In this context,as a significant input of investment projects,discount rate requires a well-calibrated evaluation because new energy power investment projects are highly capital intensive.The main objective of this paper is to evaluate the discount rate of China’s new energy power industry.First,we use Moving Average to correct the parameters of capital asset pricing model(CAPM)and weighted average cost of capital,which extends the literature on the avoidance of CAPM noise information problem.Second,we study the industry-level annual discount rates of mainly China’s new energy power industries,including hydropower,nuclear power,wind power,and photovoltaic power industries for the period of 2014-2019.The results show that discount rates in China’s new energy power industries evolved differently between the years of 2014-2019 with average annual discount rates being 7.56%,5.83%,5.60%,and 8.64%,for the hydropower,nuclear power,wind power,and photovoltaic power industries,respectively.In 2019,the four annual discount rates were highest for the photovoltaic power industry(8.66%),followed by hydropower(7.17%),wind power(5.72%),and nuclear power industry(5.26%).Forecasting to 2020 from the 2019 evaluation base period,the discount rates are 6.37%,5.00%,6.57%,and 9.05%for the photovoltaic power,hydropower,wind power,and nuclear power industries,respectively.Under the different capital structures,their forecasts for the photovoltaic power,hydropower,wind power,and nuclear power industries in 2020 are,respectively,within[4.35%,9.24%],[3.92%,7.10%],[4.58%,10.40%],[5.46%,14.81%].We also discussed more details on capital structure and forecast period of discount rates for China’s new energy power industries.Our analysis shows that it is necessary to establish a new energy power industry database and steadily promote the implementation of policies.
文摘China’s slower economic growth and its economic transition and fuel mix will have a major impact on the global energy market in the next 20 years,according to the 2017 BP Energy Outlook released in Washington in early February of 2017.The report projects that China’s energy demand growth will slow down to 1.9 percent a year through the next 20 years to 2035,less than a third of China’s pace in the last 20 years of 6.3 percent a year.However,China will still consume more than a quarter