Growth, inflation and labour market all easing
Approaching the peak: China’s long-term coal consumption looks set to decline.
Coal has traditionally been at the centre of China’s energy mix – helping to fuel the spectacular industrial growth over the past twenty years. However mounting air pollution concerns in the past decade has driven the growth of alternative fuel sources, including renewables. Ongoing changes to China’s fuel mix are anticipated over coming years – with the country’s coal consumption likely to peak in the next few years and subsequently decline.
For further details, please see the China Economic Update – August 2021
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