The elasticity ratio of electricity consumption in China forecasts a slight decrease from 0.99 in 2024 to 0.98 by 2028. Compared to 2023, this indicates a stabilization phase, as the rate remains relatively constant over the forecast period. Year-on-year variations show negligible fluctuation, underscoring steady demand relative to GDP growth.
Future trends to watch for:
- Technological advancements in energy efficiency.
- Policy shifts aimed at sustainable and renewable energy sources.
- The impact of industrial and economic developments on electricity needs.
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- Million US Dollars, Constant = 2020
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- Million US Dollars, Constant = 2020
- 2024 to 2028
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- Million Euros
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- Percent of GDP
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- Percent
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