China: towards the energy-efficient economy

Abstract

Mass upgrade of the fixed assets in heavy industry and energy sector in the 21st century, allows speaking about the beginning of the intensive phase in the development of Chinese economy, marked in the last five years by the gradual entry of the country among the world leaders in science and technology, as well as a substantial reduction in the energy intensity of GDP. In industry and energy sphere the potential of energy savings is already largely selected by almost continuous modernization of the production and energy sectors of China. Further improvement in energy intensity will be in greater degree dependent on the economy restructuring, changes in the energy balance, solving existing problems in fuel transportation and energy transmission