The forecast for China's total support on petroleum for fossil fuel production, as a percentage of GDP, indicates a steady decline from 2024 to 2028. Comparing the year-on-year variations, a decrease in support per year is evident: from 2024's 0.007% to 2028's 0.001%. This suggests an annual compounded reduction rate across these five years.
Future trends to watch for include China's transition to renewable energy sources and possible policy shifts further reducing fiscal support for fossil fuels. These movements may significantly impact the energy market landscape by 2028 and potentially beyond.
