The Role of Electric Power Sector in China’s Global Economic Expansion

The article discusses some of the major characteristics and trends of China’s economic expansion in the global power industry. It argues that by investing in electricity infrastructure China creates prerequisites for long-term dominance in one of the key sectors in a number of countries and regions....

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Autor principal:	R. A. Epikhina
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2019
Materias:	china, investment, innovation, multinational companies, international economic relations, electric power sector, coal, power grids International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/692699a2f5e94cdf867954ed9e4b56ba
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id	oai:doaj.org-article:692699a2f5e94cdf867954ed9e4b56ba
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spelling	oai:doaj.org-article:692699a2f5e94cdf867954ed9e4b56ba2021-11-07T14:45:04ZThe Role of Electric Power Sector in China’s Global Economic Expansion2542-02402587-932410.23932/2542-0240-2019-12-6-9https://doaj.org/article/692699a2f5e94cdf867954ed9e4b56ba2019-12-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/550https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The article discusses some of the major characteristics and trends of China’s economic expansion in the global power industry. It argues that by investing in electricity infrastructure China creates prerequisites for long-term dominance in one of the key sectors in a number of countries and regions. Deals in the power sector are mainly implemented by state-owned companies and facilitated by state-owned financial institutions. In terms of structure and geography, foreign investment in the electricity sector is dominated by traditional types of generation in developing countries. However, China has been diversifying into renewables, nuclear power and grids and entering markets of the developed countries. The creation of a special international organization (GEIDCO) should facilitate its expansion in the electricity sector abroad. It is worth noting that foreign economic expansion plays an important role in supporting China’s slowing economy amid the transformation of its growth model. It allows China to adopt advanced technologies and best management practices in developed countries while forming alternative value chains, as well as promoting its own equipment and standards (especially in ultra-high voltage power transmission) in the developing countries. However, given the impact of the trade war, increasing securitization of the Chinese foreign investments, Chinese authorities’ control over capital outflows and the rising environmental concerns in developing countries, further expansion of the Chinese capital in the global electricity industry is likely to be held back, while competition from non-Chinese electricity companies is likely to grow.R. A. EpikhinaАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlechina, investment, innovation, multinational companies, international economic relations, electric power sector, coal, power gridsInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 12, Iss 6, Pp 188-202 (2019)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	china, investment, innovation, multinational companies, international economic relations, electric power sector, coal, power grids International relations JZ2-6530
spellingShingle	china, investment, innovation, multinational companies, international economic relations, electric power sector, coal, power grids International relations JZ2-6530 R. A. Epikhina The Role of Electric Power Sector in China’s Global Economic Expansion
description	The article discusses some of the major characteristics and trends of China’s economic expansion in the global power industry. It argues that by investing in electricity infrastructure China creates prerequisites for long-term dominance in one of the key sectors in a number of countries and regions. Deals in the power sector are mainly implemented by state-owned companies and facilitated by state-owned financial institutions. In terms of structure and geography, foreign investment in the electricity sector is dominated by traditional types of generation in developing countries. However, China has been diversifying into renewables, nuclear power and grids and entering markets of the developed countries. The creation of a special international organization (GEIDCO) should facilitate its expansion in the electricity sector abroad. It is worth noting that foreign economic expansion plays an important role in supporting China’s slowing economy amid the transformation of its growth model. It allows China to adopt advanced technologies and best management practices in developed countries while forming alternative value chains, as well as promoting its own equipment and standards (especially in ultra-high voltage power transmission) in the developing countries. However, given the impact of the trade war, increasing securitization of the Chinese foreign investments, Chinese authorities’ control over capital outflows and the rising environmental concerns in developing countries, further expansion of the Chinese capital in the global electricity industry is likely to be held back, while competition from non-Chinese electricity companies is likely to grow.
format	article
author	R. A. Epikhina
author_facet	R. A. Epikhina
author_sort	R. A. Epikhina
title	The Role of Electric Power Sector in China’s Global Economic Expansion
title_short	The Role of Electric Power Sector in China’s Global Economic Expansion
title_full	The Role of Electric Power Sector in China’s Global Economic Expansion
title_fullStr	The Role of Electric Power Sector in China’s Global Economic Expansion
title_full_unstemmed	The Role of Electric Power Sector in China’s Global Economic Expansion
title_sort	role of electric power sector in china’s global economic expansion
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2019
url	https://doaj.org/article/692699a2f5e94cdf867954ed9e4b56ba
work_keys_str_mv	AT raepikhina theroleofelectricpowersectorinchinasglobaleconomicexpansion AT raepikhina roleofelectricpowersectorinchinasglobaleconomicexpansion
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The Role of Electric Power Sector in China’s Global Economic Expansion

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