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<journal-id journal-id-type="publisher">london-journal-of-research-in-management-and-business</journal-id>
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<journal-title>London Journal of Research in Management and Business</journal-title>
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<issn publication-format="print">2633-2299</issn>
<issn publication-format="electronic">2633-2302</issn>
<publisher><publisher-name>JournalsPress</publisher-name></publisher>
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<article-id pub-id-type="publisher-id">100916</article-id>
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<article-title>An Overview on China Electricity Market</article-title>
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<volume>24</volume>
<issue>1</issue>
<fpage>71</fpage>
<lpage>81</lpage>
<abstract><p>Starting with 80’s Chinese economy develop at an accelerated pace, with annual growth over 10 %. Economic growth overpassed the energy production development. If in 70’s-80’s energy production increase was 150-200% over economic growth increase, over the last twenty years it represents about 50%. China energy strategy focus on the following strategic goals: ⮚ Reliable energy production increase in order to support rapid economic development ⮚ Impose of energy efficiency both on production and consumption sectors ⮚ Harmonize the economic growth and energy production / consumption with reduction of CO2 and GHG emissions If until beginning of 70’s, energy production based on coal was performed exclusively by state – owned companies, after that in this sector appear local communities and individual enterprises, so that in last years these companies realize about 1/3 of coal energy production. In beginning of 90’s China faced an important lack of energy production able to support rapid economic growth and house -keepers consumption.</p></abstract>
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<p>Starting with 80’s Chinese economy develop at an accelerated pace, with annual growth over 10 %. Economic growth overpassed the energy production development. If in 70’s-80’s energy production increase was 150-200% over economic growth increase, over the last twenty years it represents about 50%. China energy strategy focus on the following strategic goals:
⮚ Reliable energy production increase in order to support rapid economic development
⮚ Impose of energy efficiency both on production and consumption sectors
⮚ Harmonize the economic growth and energy production / consumption with reduction of CO2 and GHG emissions If until beginning of 70’s, energy production based on coal was performed exclusively by state - owned companies, after that in this sector appear local communities and individual enterprises, so that in last years these companies realize about 1/3 of coal energy production.
In beginning of 90’s China faced an important lack of energy production able to support rapid economic growth and house -keepers consumption.</p>
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