China’s power and renewables space never lacks dynamism. Year-to-date power demand growth until November posted a five-year high but future growth is clouded by the US-China trade row. The government has been keen to lower power tariffs and speed up market liberalisation. Gas-fired power could see more constraints due to gas supply tightness, and captive coal-fired power plants will have to pay more fees to become eligible power market players. Pricing of renewables is moving from a feed-in tariff system to competitive auctions. But one thing remains unchanged – China is serious about energy transition, which offers more opportunities for clean fuels, while coal is set to face more downward pressure. In this report, we have enriched our offerings by adding GDP sensitivity analysis. This enables you to explore how inter-fuel competition will play out in response to power demand profiles changes (as a result of different GDP assumptions).