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The purpose of this paper is to explore the dynamic influence of WTI crude oil returns on the stock returns of China’s traditional energy sectors, including oil and gas exploitation, coal mining and processing, petroleum processing and coking, electricity, heat production and supply and mining services.

Hong’s information spill-over test and the DP Granger causality test are applied to investigate the relationship between the two markets. Moreover, a rolling window is introduced into the above two tests to capture time-varying characteristics of the influence of WTI crude oil returns.

The empirical results indicate that, first, there exists significant bidirectional linear causality between WTI crude oil returns and China’s traditional energy sectoral stock returns, but the nonlinear causality appears weaker. Second, the influence of WTI crude oil returns on traditional energy sectoral stock returns has time-varying characteristics and industry heterogeneity both in the linear and nonlinear cases. Finally, the decline of WTI crude oil prices may strengthen its linear influence on the stock returns of traditional energy sectors, while the excessive rise of market values in traditional energy sectors may weaken the linear and nonlinear influence of WTI on them.

The general nexus between international crude oil market and China’s traditional energy stock market is explored both in the linear and nonlinear perspectives. In particular, the dynamic linear and nonlinear influence of WTI crude oil returns on China’s traditional energy sectoral stock returns and its industry heterogeneity are analysed in detail.

This study intends to explore the determinants of Chinese oil demand and to build a short‐ and long‐run model.

The study uses the Engle‐Granger two‐stage cointegration method to create a dynamic short‐run model. Data is taken from both international data sources and the Chinese authorities themselves.

The research largely confirms current research in the area. The error correction model finds that only vehicle numbers and real GDP are determinants of the demand in the short‐run. The model also shows that there is a fairly slow adjustment from the short‐run to the long‐run model.

The model also shows that there is a fairly slow adjustment from the short‐run to the long‐run model. Both models find that structural breaks exist in the data and dummy variables were significant in allowing for the regime change.

The policy implications not only for China but the whole world are clear. China's demand for oil is growing at a rate that will be difficult to sustain. The world's refineries are currently trying to work at capacity as far as possible to take advantage of the high‐oil prices, which continue to rise.

This paper provides ongoing confirmation of the importance of China's oil consumption on world markets.

The purposes of this paper are: to examine the adoption of corporate social responsibility (CSR) strategies related to environment protection by Chinese state oil companies; and to analyze the effects of global competitions and cooperation on the CSR adoption processes.

Based on a content analysis of 58 corporate reports and three interviews with senior managers from Chinese-Western joint ventures, the authors analyzed the environmentally-related CSR adoption strategies and the effects of global competition and cooperation in Chinese state oil companies.

The findings suggest that more cooperative CSR strategies related to environment protection have been adopted by Chinese state oil companies in the past decade. The main reasons are: the force of international and local environmental regulations; the pressures from partners of western oil companies and the desire to increase the global competitive advantage of the Chinese state oil companies.

Given that this study is based only on the analysis of corporate reports and three interviews, the authors' conclusions should be considered preliminary and inconclusive. Future studies should be done to collect more primary data by interviewing and surveying by questionnaire a significant number of managers from these companies to validate these conclusions.

This paper highlights the adoption of CSR strategies by three Chinese state oil companies and the effects of global operations which have been little studied academically so far.

The achievement of self-reliance (zi li geng sheng: “regeneration through one's own efforts”) is an important Chinese goal. Mao Zedong's approach to achieving this goal after 1960 was to advocate and practice economic self-sufficiency both within China and nationally. One purpose of this article is to outline and discuss Mao's approach and its consequences. Following China's market reforms commencing in 1978, Mao's economic self-reliance policies were systematically abandoned. The second aim of this article is to consider how China's market reforms and its development have impacted on subnational economic self-reliance within China and to assess the extent to which its open-door policy has reduced its national self-reliance.

Secondary sources and data are used to develop this article.

As a result of its market reform and economic development, all parts of China's economy have become more interdependent and continue to do so. In addition, China has become more dependent for its economic welfare on international trade, but its dependence is much less than that of many other countries, for example, Germany. Nevertheless, the Chinese still endeavour to be masters of their own destiny. From this perspective, Mao's principle of self-reliance has not been abandoned.

Despite its growing economic interdependence, China continues to value its capacity for autonomous goal setting and decision-making. This is illustrated by the strategies it has adopted to address its dependency on oil imports. Nevertheless, China's increased economic interdependence adds to China's challenges and difficulties in controlling its economic affairs.

The purpose of this paper is to highlight a number of issues surrounding the sovereign wealth investment activities of the Chinese Government in Africa.

The paper employs a case study approach, bringing together various news articles and reports from around the world to build a picture of China's investment activities.

The paper finds that the reach of the Chinese Government is expanding rapidly beyond the narrow investments made thus far by China Investment Corporation. Through a wide‐ranging programme of investment through Chinese State Owned Enterprises the Chinese Government is securing substantial amounts of oil, mineral and arable land, with much of this coming from Africa.

The paper is a case study and as such is illustrative.

The current focus of the debate on sovereign wealth needs to be widened to take account of the other ways in which sovereign wealth is being invested.

This paper is believed to be the first to discuss this important issue.