As of 2023, China's direct transfer on petroleum for fossil fuel production stood at approximately $1.57 billion. The forecast suggests a slight downward trajectory from 2024 to 2028, starting at $1.56 billion in 2024 and gradually decreasing to $1.53 billion by 2028.
The year-on-year variations between 2024 and 2028 indicate minimal decline, averaging -0.16% per year. Over this five-year forecast period, the compound annual growth rate (CAGR) expects a consistent annual decrease of around 0.19%.
Future trends to monitor include shifts in China's energy policy, potential global shifts towards renewable energy, and impacts of technological advancements on fossil fuel production costs, which could influence future investment in petroleum subsidies.
