The forecast for direct transfer on all fossil fuels for producers in China indicates a gradual increase from 0.027% of GDP in 2024 to 0.031% in 2028. The year-on-year growth rate is consistent at approximately 3.7% annually, demonstrating a steady upward trend over this period. As no data has been provided for 2023, variations are analyzed from 2024 onwards. The Compound Annual Growth Rate (CAGR) of around 3.7% highlights the expected growth rate of these transfers over the next five years.
Future trends to watch for include potential policy shifts in China's energy sector focused on reducing fossil fuel subsidies and fostering sustainable energy production. Monitoring global economic influences and environmental regulations will be crucial for understanding the long-term trajectory of fossil fuel subsidies in China.
