Energy Security In China: Challenges And Appropriate Solutions

This paper identifies challenges and presents some solutions to the problems of energy security in China, which is seen as one of the crucial issues in modern Chinese economy. Due to fast development for the past thirty years, and fastest in the world GDP growth, China also became a number two in energy consumption (after the US) and number one in coal consumption, sulfur dioxide and carbon dioxide emissions.Attempts to enter the knowledge based era and be competitive on the technological market among advanced countries require reconstruction of Chinese economy, full reorientation of its industrial economy into knowledge economy, reorientation of production sector, full retooling with newly high efficient appliances and advanced technologies. Definitely, in short-run all these procedures are leading to boost in domestic energy demand thus increase pressure on domestic and international resources, but in long-run this reorientation will help China to reduce overall energy consumption.