As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy i...As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy industry. Particularly for the developing countries, to achieve rapid development require a lot of capital. However, there are some problems with finance in the development of the new energy industry. Based on the analysis, this paper puts forward some countermeasures.展开更多
This article takes 2016-2022 as the inspection period to construct an evaluation index system for the green development level of the new energy vehicle industry.The entropy method and comprehensive index are used to m...This article takes 2016-2022 as the inspection period to construct an evaluation index system for the green development level of the new energy vehicle industry.The entropy method and comprehensive index are used to measure the green development level of the new energy vehicle industry in Chongqing,and compared with neighboring provinces such as Yunnan,Guizhou,and Sichuan.Policy recommendations are proposed to promote the development of the new energy vehicle industry in Chongqing City.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
This paper presents the guidelines and basic ideas for working out the development plan of new and renewable energy based upon China’s conditions, the foundation of industrialization development, targets of developme...This paper presents the guidelines and basic ideas for working out the development plan of new and renewable energy based upon China’s conditions, the foundation of industrialization development, targets of development for year 2000-2015 and the main tasks of industrialization system construction.展开更多
According to the White Paper on Development of 2016New Energy Automobile Electronic Industry released recently by the Electronic Science 8c Technology Intelligence Research Institute of Industry and Information Techno...According to the White Paper on Development of 2016New Energy Automobile Electronic Industry released recently by the Electronic Science 8c Technology Intelligence Research Institute of Industry and Information Technology Ministry,China’s new energy automobile electronic industrial scale achieved nearly RMB 4.5 billion in 2015 and it is expected to reach RMB 23.7 billion by 2020 with展开更多
As a strategic emerging industry,the new energy vehicle industry has been a key industry in China in recent years and has great significance for China to realize industrial transformation and upgrading,and seize the c...As a strategic emerging industry,the new energy vehicle industry has been a key industry in China in recent years and has great significance for China to realize industrial transformation and upgrading,and seize the commanding heights of international competition.In particular,the industry has been vigorously boosted by the introduction of the subsidy policy in 2014 and has achieved faster development.Today,China’s new展开更多
According to the latest report of Pike Research,the demand for rare earth in the new energy technology field will break the mark of 12,000 tons to reach 12,920 tons in 2017 from about 9,000 tons in 2011,indicating rap...According to the latest report of Pike Research,the demand for rare earth in the new energy technology field will break the mark of 12,000 tons to reach 12,920 tons in 2017 from about 9,000 tons in 2011,indicating rapid development of China’s rare earth hydrogen storage material industry.展开更多
On December 24,a new industrial partner entered the friend circle of new energy vehicle industrial cluster in Daye;a new material project with a total investment of 3 billion yuan held ground-breaking ceremony,signali...On December 24,a new industrial partner entered the friend circle of new energy vehicle industrial cluster in Daye;a new material project with a total investment of 3 billion yuan held ground-breaking ceremony,signaling its formal landing in Daye.This Project is invested and constructed by Hubei Zhongxing New Advanced Material Co.,Ltd,the Project involves total investment of展开更多
Based on the data of listed companies in the core industry chain of China's new energy vehicles in 2015 and 2021,this paper constructs their industrial network from the perspective of the value chain,and uses meth...Based on the data of listed companies in the core industry chain of China's new energy vehicles in 2015 and 2021,this paper constructs their industrial network from the perspective of the value chain,and uses methods such as social network and negative binomial regression model to study the characteristics,evolution,differences,and formation mechanisms of different value chain networks.The results show that:(1)R&D-oriented,production-oriented,and service-oriented networks share several common features:These networks are simultaneously expanding in scale and transitioning towards more efficient“small world”network;The degree distribution in these networks follows a power-law distribution,indicating a scale-free network structure;There is a decrease in the power-law exponent of network's degree distribution,indicating an increase in network heterogeneity.Furthermore,there is a significant positive correlation between the degrees of nodes in networks with diverse value chains,suggesting that the same node holds a similar level of significance across different networks.(2)The number of power-prestige,power and prestige nodes increases in the networks of all value chain segments,except in the service-oriented network,where there are no power nodes.In each value chain network,these nodes have different agglomeration directions:In R&D-oriented network,the nodes tend to cluster around headquarters and high-level cities.In contrast,service-oriented network shows a concentration of nodes in municipalities,sub-provincial and provincial capitals.Similarly,production-oriented network demonstrates a clustering of nodes in traditional production bases.(3)Different value-added segments of industry form different types of agglomeration in pursuit of different factor endowments and agglomeration effect,and form the spatial structure of the strongest connection industrial network with different characteristics.The R&D-oriented networks have always been an integrated and closely connected multiple core-periphery structure community with the influence of social,technological and geographical proximities;Transformation of service-oriented network from an integrated and closely connected multiple core-periphery structure community to a multiple core-semi-periphery-periphery structure community with the influence of social,geographical and institutional proximities;Transformation of production-oriented network from the partially integrated and localized core-periphery structure community to the more decentralized multiple independent core-periphery structure community with the influence of the social,institutional of administrative boundaries and geographical proximities.展开更多
文摘As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy industry. Particularly for the developing countries, to achieve rapid development require a lot of capital. However, there are some problems with finance in the development of the new energy industry. Based on the analysis, this paper puts forward some countermeasures.
文摘This article takes 2016-2022 as the inspection period to construct an evaluation index system for the green development level of the new energy vehicle industry.The entropy method and comprehensive index are used to measure the green development level of the new energy vehicle industry in Chongqing,and compared with neighboring provinces such as Yunnan,Guizhou,and Sichuan.Policy recommendations are proposed to promote the development of the new energy vehicle industry in Chongqing City.
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This paper presents the guidelines and basic ideas for working out the development plan of new and renewable energy based upon China’s conditions, the foundation of industrialization development, targets of development for year 2000-2015 and the main tasks of industrialization system construction.
文摘According to the White Paper on Development of 2016New Energy Automobile Electronic Industry released recently by the Electronic Science 8c Technology Intelligence Research Institute of Industry and Information Technology Ministry,China’s new energy automobile electronic industrial scale achieved nearly RMB 4.5 billion in 2015 and it is expected to reach RMB 23.7 billion by 2020 with
文摘As a strategic emerging industry,the new energy vehicle industry has been a key industry in China in recent years and has great significance for China to realize industrial transformation and upgrading,and seize the commanding heights of international competition.In particular,the industry has been vigorously boosted by the introduction of the subsidy policy in 2014 and has achieved faster development.Today,China’s new
文摘According to the latest report of Pike Research,the demand for rare earth in the new energy technology field will break the mark of 12,000 tons to reach 12,920 tons in 2017 from about 9,000 tons in 2011,indicating rapid development of China’s rare earth hydrogen storage material industry.
文摘On December 24,a new industrial partner entered the friend circle of new energy vehicle industrial cluster in Daye;a new material project with a total investment of 3 billion yuan held ground-breaking ceremony,signaling its formal landing in Daye.This Project is invested and constructed by Hubei Zhongxing New Advanced Material Co.,Ltd,the Project involves total investment of
基金National Natural Science Foundation of China,No.41971198The Second Tibetan Plateau Scientific Expedition and Research Program,No.2019QZKK1005。
文摘Based on the data of listed companies in the core industry chain of China's new energy vehicles in 2015 and 2021,this paper constructs their industrial network from the perspective of the value chain,and uses methods such as social network and negative binomial regression model to study the characteristics,evolution,differences,and formation mechanisms of different value chain networks.The results show that:(1)R&D-oriented,production-oriented,and service-oriented networks share several common features:These networks are simultaneously expanding in scale and transitioning towards more efficient“small world”network;The degree distribution in these networks follows a power-law distribution,indicating a scale-free network structure;There is a decrease in the power-law exponent of network's degree distribution,indicating an increase in network heterogeneity.Furthermore,there is a significant positive correlation between the degrees of nodes in networks with diverse value chains,suggesting that the same node holds a similar level of significance across different networks.(2)The number of power-prestige,power and prestige nodes increases in the networks of all value chain segments,except in the service-oriented network,where there are no power nodes.In each value chain network,these nodes have different agglomeration directions:In R&D-oriented network,the nodes tend to cluster around headquarters and high-level cities.In contrast,service-oriented network shows a concentration of nodes in municipalities,sub-provincial and provincial capitals.Similarly,production-oriented network demonstrates a clustering of nodes in traditional production bases.(3)Different value-added segments of industry form different types of agglomeration in pursuit of different factor endowments and agglomeration effect,and form the spatial structure of the strongest connection industrial network with different characteristics.The R&D-oriented networks have always been an integrated and closely connected multiple core-periphery structure community with the influence of social,technological and geographical proximities;Transformation of service-oriented network from an integrated and closely connected multiple core-periphery structure community to a multiple core-semi-periphery-periphery structure community with the influence of social,geographical and institutional proximities;Transformation of production-oriented network from the partially integrated and localized core-periphery structure community to the more decentralized multiple independent core-periphery structure community with the influence of the social,institutional of administrative boundaries and geographical proximities.