How Much Will China Save? Projecting China's National Savings Through 2040*

This paper projects China's national savings through 2040 based on China's national account data, demographic data, and data on rural and urban life-cycle income and consumption. Our baseline projections show that China's national saving in 2040 will be 16 times the current national saving. The annual growth rate of wealth will decline from 16.3 percent in 2012 to 9.5 percent in 2040. Lowering the growth rate of wealth accumulation to the current rate of return to wealth increases consumption through 2040; lowering the growth rate of wealth further may increase consumption more in the short run, but less in the long run

The Role of the Clean Development Mechanism in Achieving China’s Goal of a Resource Efficient and Environmentally Friendly Society

This paper examines the impact of the clean development mechanism (CDM) on China’s progress in building a resource-efficient and environmentally friendly society, referred to as a dual-goal society. It presents China’s CDM activities from the perspective of policy directions, administrative arrangements and capacity building as well as outlines the regional trends and distribution of CDM projects across China’s 30 provinces. Based on regression analysis of 2006–2009 panel data, the research was able to provide estimates at provincial level of the impacts of CDM activities on China’s CO2 emission intensity, SO2 emission intensity and industrial dust emission intensity. The study concludes that the active CDM projects are mainly located in the less-developed central and west China where they have provided increased opportunities for sustainable development. Furthermore, the successful implementation of CDM projects across the country has significantly decreased the emission intensity of CO2, SO2 and industrial dust, which means that these activities have enhanced China’s ability to build the desired dual-goal society

Complementarity between in-house R&D and technology purchasing: evidence from Chinese manufacturing firms

In order to catch up with the current technological frontier, firms, especially in developing countries, try to acquire technological advancement through internal R&D efforts, as well as through external technology-sourcing activities. This study tests whether these two sources of technology acquisition are complements or substitutes for each other in small- and medium-sized Chinese manufacturing firms. The evidence that we present shows some signs of complementarity between the two sources of knowledge in reaching a higher unconditional intensity of product innovation for firms with 100–300 employees and, in general, a significant degree of substitutability between them in achieving higher levels of labour productivity

Subjective evaluation of the environmental quality in China's industrial corridors.

Based on 270 questionnaire surveys in 8 cities of 5 industrial corridors in China, this study aims to examine the effects of industry construction on the evaluation of environmental pollution, natural environment, built environment, personal perception and development and policy. The results show that the evaluations on environmental pollution and landscape design are both below the medium level, but the evaluations of the living comfort and safety are both above the medium level. Further analysis, females usually give lower evaluation scores than males, and age and health situations are negatively related to the evaluation results; People indicate a great desire to reduce the environmental pollution and protect the natural environment. Moreover, the landscape was analysed using colour extraction techniques based on video recording, there are significant correlations between industrial pixel ratio and evaluation results of air quality, vegetation pixel ratio and evaluation results of river water quality, and public facilities pixel ratio and evaluation results of comfort levels

New provincial CO2 emission inventories in China based on apparent energy consumption data and updated emission factors

This study employs “apparent energy consumption” approach and updated emissions factors to re-calculate Chinese provincial CO2 emissions during 2000–2012 to reduce the uncertainty in Chinese CO2 emission estimates for the first time. The study presents the changing emission-socioeconomic features of each provinces as well. The results indicate that Chinese provincial aggregated CO2 emissions calculated by the apparent energy consumption and updated emissions factors are coincident with the national emissions estimated by the same approach, which are 12.69% smaller than the one calculated by the traditional approach and IPCC default emission factors. The provincial aggregated CO2 emissions increased from 3160 million tonnes in 2000 to 8583 million tonnes in 2012. During the period, Shandong province contributed most to national emissions accumulatively (with an average percentage of 10.35%), followed by Liaoning (6.69%), Hebei (6.69%) and Shanxi provinces (6.25%). Most of the CO2 emissions were from raw coal, which is primarily burned in the thermal power sector. The analyses of per capita emissions and emission intensity in 2012 indicates that provinces located in the northwest and north had higher per capita CO2 emissions and emission intensities than the central and southeast coastal regions. Understanding the emissions and emission-socioeconomic characteristics of different provinces is critical for developing mitigation strategies