<p>At the UBS China Energy Transition special sharing session held on November 12, Liao Qihua, Head of Energy Transition and New Energy Industry Research for Greater China at UBS Investment Bank, stated that they will be more optimistic about the Chinese power market, expecting electricity demand to grow by 8%-9% from 2028 to 2030, significantly raising the previous forecast of 4%. AI data centers (AIDC), exports, and electrification have been identified as structural driving forces, and their impact is expected to expand further. (Shanghai Securities Journal)</p>

<p>Liao Qihua from UBS China stated at the energy transition sharing session on November 12 that China's electricity demand is expected to grow by 8%-9% between 2028 and 2030, a significant upward revision from the previous forecast of 4%. AI data centers, exports, and electrification are seen as the main driving forces, and their impact is expected to further expand</p>

UBS China’s Liao Qihua: Forecast for China's electricity demand growth raised from 4% to over 8%