China’s bold reform policies of the 1980’s showed that energy and GDP growth can be decoupled 1,000
1980 = 100
800 GDP 600 400
Energy
200
19 80 19 82 19 84 19 86 19 88 19 90 19 92 19 94 19 96 19 98 20 00 20 02 20 04
-
Source: NBS, China Statistical Yearbook, various years; China Statistical Abstract 2005; growth estimates extrapolated from midyear production data for 2005.
However, energy usage has grown much faster than GDP since 2001, a reversal of 20 years of energy efficiency. (Estimate for 2005 shows continuation of trend.) 170 160
Actual Energy
2001 = 100
150 140 130
GDP
120 110
Energy Target
100 90 2001
2002
2003
2004
2005
Source: NBS, China Statistical Yearbook, various years; China Statistical Abstract 2005; growth estimates extrapolated from midyear production data for 2005.
2
2.7 2.1
36 actual energy
32
energy target
28
1.8
24 GDP target
1.5
20
1.2 0.9
16 actual GDP
12
Year Source: NBS, China Statistical Yearbook, various years; China Statistical Abstract 2005; growth estimates extrapolated from midyear production data for 2005; targets announced by NDRC.
20 20
20 18
20 16
20 14
20 12
0 20 10
0 20 08
4
20 06
0.3
20 04
8
20 02
0.6
GDP (trillion 2000 RMB)
2.4
20 00
Energy Consumed (billion tce)
Another way to look at the data from previous graph.