Electrification will be the endgame of China’s decades-long energy transition, with a major new outlook released at COP28 in Dubai predicting power demand to more than double by 2060 as Beijing electrifies swathes of the Chinese economy. [Gas in Transition, Volume 3, Issue 12]
With its newly minted status as the world’s top car exporter, largely driven through the expansion of its electric vehicle stock, China must be wary of trade measures that threaten to throttle exports and industrial growth, a new document warns.
Article on the front page of the Communist Party mouthpiece, the People’s Daily, says Beijing would implement various pro-business policies to support the private economy.
China has made progress on gas pricing reforms, with a linkage between upstream costs and end-user tariffs finally in place, but certain players along the gas value chain are reaping the benefits more than others. [Gas in Transition, Volume 3, Issue 11]
China’s top economic planner says 16 of the 20 major goals included in its 14th five-year plan for 2021-25 are within expectation or better than anticipated, according to a midterm assessment.