In 2023, China's GDP energy intensity stood slightly below forecasted 2024 levels. Over the next five years, a slight upward trend in energy intensity is expected, moving from 6.51 to 6.57 megajoules per US dollar PPP. The year-on-year growth rate remains modest, indicating a gradual increase in energy consumption relative to economic output. The CAGR over this period suggests a continual, albeit slow, rise in energy use, evidencing China's challenge in decoupling energy usage from economic growth.
Future trends to watch include advancements in energy efficiency technologies, shifts in energy policies aimed at reducing intensity, and China's ongoing transition towards a more sustainable energy mix. These factors could significantly impact energy intensity forecasts.
