Abstract

Orderly and rational market transaction is the foundation for the healthy development of industries, to analyze the market competitive behaviors and the choice of trading strategies in China's wind power industry, this paper adopted the data of Chinese listed wind power firms in 2011–2020. The research found that (a) the upstream firms as a whole in the wind power industry chain behave as the provider of net trade credit; (b) significant negative correlation between cash inflow and financial capacity of upstream enterprises; (c) the upstream market stands in a dynamic market competitive condition, the upstream firms with either relatively strong or relatively weak financial capacities contest for the market shares by constantly changing their trade preference strategies.

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