China’s focus is shifting to economic recovery
China’s energy demand faces headwinds
Economic difficulties mean the outlook for H2 remains highly uncertain despite planned stimulus measures
China’s efforts to drive an economic recovery may result in greater energy demand through the rest of this year, but the outlook is highly uncertain and will depend on the level of stimulus policymakers provide. China barely avoided an economic contraction in the second quarter of this year. GDP expanded by just 0.4pc, a massive step down from the 4.8pc seen in the first quarter, as Covid lockdowns—mainly in the northeastern province of Jilin and the commercial hub of Shanghai—slowed the economy. As China’s Covid situation has largely stabilised, the country’s focus is now shifting to economic recovery as Beijing vies to keep this year's official 5.5pc growth target in sight. 4pc – ADB
Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
