Impact of Global Economic Crisis on China’s Energy Consumption during 2008~2010

Abstract:

As a driving force of economic growth, China’s export was affected by global economic crisis during 2008~2010. This paper aims to assess the impact of economic crisis on China’s energy consumption during the crisis. Contributions of energy efficiency, domestic final use, exports and imports to energy consumption change were clarified using methodology involves structural decomposition analysis based on input-output price model. In 2009, exports of energy-related and raw material sectors were seriously impacted by economic crisis, with energy use dramatically decreased. However, economic stimulus plan implemented by central government provided a great boost to energy consumption growth. According to the study, quantity and structural adjustment of export is one of the important ways to reduce energy consumption in a short time. But in a long term, consumption control and energy efficiency improvement are unsubstitutable.

• Periodical: Advanced Materials Research (Volumes 616-618)
• Pages: 1578-1584
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.616-618.1578
• Online since: December 2012
• Authors: Fang Yi Li, Wei Dong Liu
• Keywords: Economic Crisis, Energy Consumption (EC), Input-Output Model

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