The Neo-liberalism Impact Factors in the Reform of China's Power Management

At the time of China's reform and opening policy gradually promoting, the neo-liberal theories are prevalent in the West. UK, U.S., New Zealand, Australia and other countries set off a worldwide wave of state-owned economic liberalization and privatization, the electric power industry as a bastion of a traditional sense of the natural monopoly industries and state-owned economy, was destroyed by a neo-liberal characteristics economic policies, breaking the monopoly and introducing competition, disintegration of the vertically integrated management in power industry management system. China's electricity market reform in the late 20th century 1990s was modeled on the British electricity reform, and deeply influenced by Western neo-liberal economic theory. This paper uses literature research to explore the neo-liberal theories' impacts in China's power management system reform on the reconstruction of government regulation, the objectives of the reform design, the reform path selection, the power industry organization settings.