China has achieved rapid economic growth since the market-oriented reform in 1978 and became the second largest economy in the world in 2010. However, the growth model in China is still extensive in nature and may be characterized with high energy consumption and heavy environmental pollutions etc. In fact, China has successively become the largest carbon emitter since 2007 and the largest energy consumer since 2009 in the world. This book endeavors to analyze whether such energy driven and environment restricted economic growth can be sustainable in China in the long run. The book describes the basic situations of energy consumption and environmental pollution in China from the dimensions of industries, regions and energy-types. It also introduces the evolution of energy and environmental policies implemented in China. In particular, this book makes use of the environmental activity analysis model to assess the sustainable transformation of economic model in Chinese industries and regions. This model captures the negative externalities of pollutants and estimates the environmental total factor productivity accurately. The possibilities of win-win development and double dividend are also forecasted. This book proposes new methods to measure the environmental total factor productivity, evaluate the process of low carbon transformation, quantify the structural bonus, estimate the abating cost and forecast the win-win development and so on. Researchers may find these methodologies useful for measuring other pollutants and for analysis in other countries.

China has achieved rapid economic growth since the market-oriented reform in 1978 and became the second largest economy in the world in 2010. However, the growth model in China is still extensive in nature and may be characterized with high energy consumption and heavy environmental pollutions etc. In fact, China has successively become the largest carbon emitter since 2007 and the largest energy consumer since 2009 in the world. This book endeavors to analyze whether such energy driven and environment restricted economic growth can be sustainable in China in the long run.

The book describes the basic situations of energy consumption and environmental pollution in China from the dimensions of industries, regions and energy-types. It also introduces the evolution of energy and environmental policies implemented in China. In particular, this book makes use of the environmental activity analysis model to assess the sustainable transformation of economic model in Chinese industries and regions. This model captures the negative externalities of pollutants and estimates the environmental total factor productivity accurately. The possibilities of win-win development and double dividend are also forecasted.

This book proposes new methods to measure the environmental total factor productivity, evaluate the process of low carbon transformation, quantify the structural bonus, estimate the abating cost and forecast the win-win development and so on. Researchers may find these methodologies useful for measuring other pollutants and for analysis in other countries.

The book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines.At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term.