The forecast for China's tax expenditure on fossil fuels indicates a steady increase from 2024 to 2028. In 2023, the expenditure was below $8.61 billion, which is the value for 2024. Year-on-year, there is a consistent growth approximately ranging from 4% to 4.5% annually. The 5-year compound annual growth rate (CAGR) predicts a stable upward trend, emphasizing the gradual increase in tax expenditure over this period.

Monitor China’s energy policies and shift towards renewable energy, which could mitigate fossil fuel dependency.
Keep an eye on global energy market fluctuations impacting China's tax strategies.
Consider potential economic policies aimed at reducing carbon footprint influencing tax incentives and expenditures.