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Energy Report China 2nd Quarter

  • ID: 3169497
  • Report
  • Region: China
  • 11 Pages
  • The Economist Intelligence Unit
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China is the world's largest energy consumer, accounting for a quarter of global consumption. The Economist Intelligence Unit estimates China's energy consumption in 2018 at 3.2bn kilotonnes oil equivalent (ktoe), and expects it to reach 3.5bn ktoe in 2023.

China's average energy consumption per head is low, at a third of the level in the US. We forecast that real GDP growth will moderate to 6.3% in 2019, with weaker investment and export growth. After steadying at 6.1% in 2020, we expect growth to slow to 5.4% a year in 2021-22, as the goal of doubling real GDP by 2020 over the level in 2010 will have been met.

The US-China trade war will be a key short-term influence on China's energy policy. China's retaliation to US tariffs has included the placing of tariffs on liquefied natural gas (LNG). In August 2018 the US and China imposed tariffs of 25% on US$16bn of each other's goods, with China's list including US exports of petrol, diesel, liquefied petroleum gas and coal. The US has delayed an original tariff increase on US$200bn-worth of Chinese exports scheduled to be effective in March 2019 in the hope of reaching a deal with China. Trade negotiations are ongoing as at April 2019. In March 2019 China passed its foreign investment law, to be effective in January 2020, which will partially allow foreign investment in petroleum and natural gas exploitation, and nuclear power.

Industry List: Coal, Energy, Electricity, Energy, Energy, Energy, Energy policy, Energy, Nuclear, Energy, Oil and gas, Energy, Renewables
Industry Codes (NAIC): 22
Industry Codes (SIC): 49
Note: Product cover images may vary from those shown
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Energy Report China 2nd Quarter

Energy report: Overview

Energy report: Energy policy

Energy report: Oil and gas

Energy report: Electricity

Energy report: Coal

Energy report: Nuclear

Energy report: Renewable energy
Note: Product cover images may vary from those shown
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