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China’s Energy Sector Witnesses Continued Growth in Coal, Crude Oil, and Natural Gas Production

Recent data released by China’s National Bureau of Statistics reveals sustained growth in the country’s production of coal, crude oil, and natural gas throughout the January-October period of this year. The report underscores an ongoing expansion in these vital energy sectors.

Coal production in October reached 390 million tons, marking a notable 3.8% year-on-year increase, as stated in the report. Over the first 10 months of the year, China’s coal output totaled 3.83 billion tons, representing a steady 3.1% year-on-year growth. The data also highlighted a significant surge in coal imports during the same period, reaching 380 million tons—a substantial 66.8% rise compared to the previous year.

Similarly, China’s crude oil production during the first 10 months of this year observed a positive trend, witnessing a 1.7% year-on-year increase, totaling 174.05 million tons. In tandem with the domestic production surge, crude oil imports surged by 14.4%, reaching a total of 473.22 million tons.

The data report also reflected a robust growth trajectory in China’s natural gas sector. Natural gas production during the January-October period experienced a significant 6.1% uptick, reaching an accumulated 189 billion cubic meters. Concurrently, natural gas imports surged by 8.8%, totaling 96.51 million cubic meters.

These figures indicate the steady and consistent growth in China’s energy production landscape, signaling the nation’s ongoing efforts to meet its domestic energy demands and reinforce its position as a significant player in the global energy market. The surge in production and imports across coal, crude oil, and natural gas underscores China’s strategic focus on bolstering its energy resources to sustain its economic momentum and support various sectors reliant on these vital resources.

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