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In 2022, China's natural gas sector experienced a moderate shift. As the world's third-largest gas market, China experienced a slight 1.2% decrease in consumption to 364.6 billion cubic meters. However, domestic gas production increased with significant investments, leading to a production of 220.1 bcm, which covered 59% of the country's demand ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. [1]: 11.
The Power of Siberia pipeline is designed to reduce China's dependence on coal, which is more carbon intensive and causes more pollution than natural gas. [38] The proposed western gas route from Russia's West Siberian petroleum basin to North-Western China is known as Power of Siberia 2 .
China's natural gas consumption rose by 9% in 2019 to 10.8 trillion cubic feet (Tcf) per year from 9.9 Tcf in 2018. China's NOCs produced an estimated 6.3 cf of natural gas in 2019, 8% higher than in 2018 [1] Three gas lines from Turkmenistan were completed in 2009, 2010 and 2014 respectively, bringing 1.9 Tcf a year China. [1]
China observed a ground average temperature increase of 0.24 °C (0.43 °F) per decade from 1951 to 2017, exceeding the global rate. The average precipitation of China was 641.3 millimetres (25.25 in) in 2017, 1.8% more than the average precipitation of previous years. There was an annual increase in concentrations of carbon dioxide from 1990 ...
The per person CO 2 emissions in China are rising but still much lower than in the United States. [20] In 2019, China is estimated to have emitted 27% of the world's greenhouse gases, followed by the US with 11%, then India with 6.6%. [11] By 2020, China produced 64% to 66% of global emissions for the two potent greenhouse gases of ...
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [27] China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
China's total renewable energy capacity exceeded 1,000 GW in 2021, accounting for 43.5 per cent of the country's total power generation capacity, 10.2 percentage points higher than in 2015. The country aims to have 80 per cent of its total energy mix come from non-fossil fuel sources by 2060, and achieve a combined 1,200 GW of solar and wind ...