Systemic Risk Spillovers in Chinese PV Industry: The Role of New Quality Productive Forces Attention-Based on Text Analysis Technology

DOI

10.2991/978-2-38476-507-2_23How to use a DOI?

Keywords

Photovoltaic industry; New quality productive forces attention index; Tail risk spillovers

Abstract

Under China’s “dual carbon” strategy, the photovoltaic (PV) industry has grown rapidly but faces mounting challenges in supply chain coordination and systemic risk management. This study explores how new quality productive forces (NQPF) mitigate systemic risks and boost the sector’s sustainability-with a focus on computational support: we first crawled annual reports of PV enterprises via Python-based web crawlers to collect text data, then constructed an NQPF attention index using text mining This index was incorporated into an enhanced Tail Event-Driven Network (TENET) model, where we optimized risk spillover identification via matrix computation and network topology algorithms. Empirical results show higher NQPF attention significantly reduces systemic risk, weakening network centrality, in-/out-strength, and PageRank influence. Additionally, NQPF attention reshapes risk transmission across the PV industry’s key stages: aiding risk dispersion in expansion, strengthening downstream coordination in the grid-parity period, and optimizing core-driven paths in high-quality growth. These findings position NQPF as a reliable signal for firm behavior and market sentiment, leveraging crawled text data to offer new computational tools for systemic risk governance and resilient PV development. PV industry development.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Shanshan Li
AU  - Yanyan Xu
AU  - Hexiang Pang
AU  - Kun He
PY  - 2025
DA  - 2025/12/15
TI  - Systemic Risk Spillovers in Chinese PV Industry: The Role of New Quality Productive Forces Attention-Based on Text Analysis Technology
BT  - Proceedings of the 2025 4th International Conference on Public Management, Digital Economy and Internet Technology (ICPDI 2025)
PB  - Atlantis Press
SP  - 261
EP  - 275
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-507-2_23
DO  - 10.2991/978-2-38476-507-2_23
ID  - Li2025
ER  -