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Economic 360 for China: Growth Prospects and Emerging Opportunities in the Energy Industry
Frost & Sullivan, June 2011, Pages: 101
China is one of the fastest growing economies, expanding at 10.0 annually. China has adopted a sustainable economic growth model resulting in a burgeoning energy industry. Energy consumption is dominated by thermal sources such as oil and coal. However, there is likely to be a shift to new and renewable energies such as solar, hydro and wind energy. Opportunities that can be tapped into include clean, energy saving technologies and construction of infrastructure for conventional and unconventional energy generation and distribution.
China's economy has shown outstanding growth since 2004 and has weathered the global economic downturn well and even registered a modest growth in 2010. With significant investments from the Government, the Chinese energy industry is expected to gain momentum in the forecast period and is all set to make the most of the favourable industrial policies that encourage innovation and R&D. Meanwhile, the appreciation of the Chinese Ren Min Bi (RMB) has resulted in much cheaper imports, but greater expenses for enterprises with high dependence on foreign markets. The Government is committed to balancing export and imports to reduce trade surplus. Currently, higher inflation rate is the greatest concern for the Chinese Government and therefore, the control of inflation and the management of inflation expectations are vital cogs in the fiscal and monetary policy adjustments. Unprecedented levels of foreign direct investment (FDI) are a testimony to the Chinese economy's ability to attract more capital.
Other key economic drivers include the Grand Western Development Program, urbanisation, development of low-carbon technologies, policy of indemnificatory apartments, environmental protection, and reform of income distribution system. The industry sectors with the greatest potential are strategic emerging industries of energy-saving environmental protection, new generation of IT, biological technology, high-end equipment manufacturing industry, new energy, new materials and new energy automotive industry. By 2015, the consumption of conventional energy is expected to decline, but it will remain a major source of energy. The Twelfth Energy Five-year Plan mentions hydropower, nuclear power, wind and solar power as the priority energy sectors. The Government's policy intervention is proof of its commitment to adopt clean energy technology for conventional fossil energy sectors. Potential development opportunities for the energy industry mainly include new energy, clean technology, infrastructure construction and smart grids.
Economic 360 for China: Growth Prospects and Emerging Opportunities in the Energy Industry is Frost & Sullivan's Country Industry Forecast service, which provides vital inputs for evaluating the attractiveness of a country and its energy industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits
The following benefits are offered by this research:
Identifying New Market Opportunities
The future trends and developments in the Chinese energy industry have been identified by taking into consideration the economic environment of the country. The analysis will prove greatly informative to stakeholders in the energy industry.
Understand Future Industry Trends
This research service gives powerful insights into economic developments and trends in the energy industry of China and discusses its dependence on the prevailing economic scenario. It describes the various infrastructure developments in the industry, helping industry participants to gauge the future direction of the market, enabling them to devise appropriate market strategies to improve market share.
Comprehend Policy and Economic Environment
An analysis of the dynamics of economic growth in China provides insights into the economic parameters that will influence the energy industry in the country. Industry performance is closely related to the level of economic growth and industry plans. Further discussions on government initiatives about policies and financial support are invaluable to participants in the Chinese energy industry.
Devise Country Entry Strategies
The research service provides valuable information and analysis of the strengths and weaknesses of the economy of China, which are relevant to the energy industry. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This research service focuses on providing an analysis of country and industry trends and is well suited to offer information to companies seeking to enter new geographic markets. The market and economic insights will also prove invaluable to corporate planners in the development of accurate business plans or allocation of resources.
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