Chapter

China’s Industrial Development Strategy and Energy Use

Michael T. Rock and Michael Toman

in China’s Technological Catch-Up Strategy

Published in print March 2015 | ISBN: 9780199385324
Published online January 2015 | e-ISBN: 9780199385348 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199385324.003.0003
China’s Industrial Development Strategy and Energy Use

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Industrial development in China is the result of an evolving search for a strategy consonant with social and political conditions that also meets economic development objectives. Once weaknesses with Soviet-style central planning emerged, the Chinese experimented with a radical Great Leap Forward before settling on administrative decentralization and an agriculture-first development strategy. When the returns to the decentralized strategy slowed, China began experimenting with gradual and incremental quasi-market reforms in agriculture, small-scale industry, and trade and foreign investment that facilitated very rapid growth and increasing openness. However, because small-scale industries tended to use energy-intensive and antiquated technologies, this period left much of Chinese industry with high energy and pollution intensities and backward technologies. To address these problems, China began a long industry restructuring program to increase scale, improve energy efficiency, and engage in high-speed technological catch-up. There is growing evidence that this new industrial development strategy is starting to work.

Keywords: industrial development strategy; administrative decentralization; quasi-market reforms; industry restructuring; high-speed technological catch-up; aluminum industry; cement industry; paper industry; energy efficiency

Chapter.  9649 words. 

Subjects: Business and Management ; International Economics

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