All nations, regardless of size, must ensure that they have the infrastructure and resources in place to provide the energy and power required by businesses and citizens to enable the economy to grow. Having experienced rapid growth since the reforms of the 1980s, the provision of energy is of vital importance to the long term development of the Dragon Economy.
An energy strategy must offer a combination of both traditional and renewable energy sources to ensure that growth can continue despite any unforeseen supply issues surrounding a non-renewable energy source. This Trade Focus Report will analyse investment into energy infrastructure across China and the opportunities it is generating for the economy.
Globally, China is leading the way in the development of and investment into various types of renewable energy including solar panels and wind turbines. In 2014, the amount of spending on renewables by China reached almost $90 billion – a figure which places the country as the number one renewable economy.
China is also spending on traditional investment types, for example, 39 gigawatts of power were added to China’s energy mix from coal plants in 2014, up from 36 gigawatts in 2013, providing approximately 64% of the country’s energy.
To find out more about China’s energy development, read the full Trade Focus Report here.