On the Tendency of Energy Demand and Price as well as Its Impact on Macro-economy Under the Financial Crisis
分析了金融危机后中国能源与电力需求的短期趋势,指出工业化与城市化导致需求刚性,并探讨了国际油价与国内煤价上涨对通货膨胀的传导机制。
Global economic growth has fallen substantially,affected by the international financial crisis,which also has a major impact on economic growth in China.The situation of the demand for energy and electricity after the crisis become complicated.This paper firstly discusses the trend of short-term demand for energy and electricity during the two crises,and analyzes the reasons of possible deviation between GDP and electricity demand in short run.By understanding the characteristics of energy demand growth in development process,this paper then points out that China's current energy demand growth rate is high and demand is rigid,as China is in the process of industrialization and urbanization.Based on the analysis,this paper also discusses international oil price movements and the trend of domestic coal price,and carried out correlation analysis of coal prices and inflation in China.The paper concludes that,driven by the raise of international oil prices,the domestic coal prices will go up.China's PPI would be more likely to rise firstly,and then transmitted to the CPI.Therefore, the Government should be prepared to deal with its impact on inflation.