Macroeconomic Impacts of China’s Energy Transition - International Monetary Fund | IMF
Macroeconomic Impacts of China’s Energy Transition - International Monetary Fund | IMF
Source: International Monetary Fund | IMF
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DW NOTE
The IMF is modeling China's energy transition while the Strait of Hormuz is closed and global oil supply is down 4.3 million barrels per day. China is the world's largest crude importer — 11 million barrels daily in 2024 — and 80% of it moves through that strait. Any projection that doesn't start with supply constraint isn't macro analysis, it's wishful planning with a bibliography.