In 2023, China's primary energy supply was approximately 3.80 Billion Tonnes Of Oil Equivalent (BTOE). The forecast from 2024 to 2028 shows a gradual increase, with the supply expected to reach 4.17 BTOE by 2028. Year-on-year variations are relatively stable, ranging from 2.06% in 2024 to 1.46% in 2028. The compound annual growth rate (CAGR) over this period is around 1.87%, illustrating a consistent upward trend in China's energy supply.
Future trends to watch for:
- Impact of China's transition to renewable energy on primary energy supply.
- The influence of government policies aimed at reducing carbon emissions.
- Technological advancements in energy efficiency and production.
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