Abstract
China is facing a number of challenges, such as environmental pollution, energy security, and slowing down of economic growth. China's total energy consumption has been leading the worldwide consumption for several years. China's annual primary energy consumption accounts for more than 90% of total energy consumption, and the country's utilization of wind energy, solar energy, biomass energy, and other new form of energy remains very low. This research has adopted a strength, weakness, opportunity, and threat (SWOT) analysis approach to examine the internal and external factors that affect the competitiveness of the energy industry in China. An extensive and critical review of a wide range of literature was conducted, including academic papers, industry reports, statistical data, relevant regulations, and policy documents. Eighteen factors were identified from the literature review. These factors form part of an integrated framework that provides a useful tool for policy makers and the industry to gain a better understanding of the factors that affect the sustainable development of the Chinese energy industry. The results also provide a useful reference for foreign firms that intend to explore the Chinese energy industry market.
Highlights
Urgent environmental problems, such as global warming, environmental deterioration, and resource depletion, are confronting countries around the world (Chang et al, 2017)
The statistical data adopted in this research are primarily derived from the United Nations, the United Nations Development Programme (UNDP), the U.S Central Intelligence Agency, the International Monetary Fund (IMF), the World Bank (WB), BP Company, International Energy Agency, National Energy Administration, China Renewable Energy Association, Legatum Institute, the European Commission, Wikipedia, World Nuclear Association (WNA), REN21, and the China National Bureau of Statistics
According to the report of World Nuclear Association (WNA) (Note 2), nuclear power generation accounted for 11.5% of the total power generation in 2014, but China accounted for only 2.4%
Summary
Urgent environmental problems, such as global warming, environmental deterioration, and resource depletion, are confronting countries around the world (Chang et al, 2017). China's energy development has attained significant achievements; the country is facing enormous pressure in terms of energy demand, energy supply constraints, energy production and consumption that cause ecological and environmental damage, energy technology, and the overall level of backwardness (Wang et al, 2017). Energy security is a global and strategic issue in China's economic and social development, as well as prosperity development and the improvement of people's life and social stability (Wang et al, 2017). A number of internal and external factors affect the sustainable development of the energy industry in China This situation calls for a comprehensive analysis of the industry to highlight these factors and to provide useful inputs to government authorities and private developers
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