Free Trial

CHINA PRESS: China Electricity Demand Up 7.7% In First Seven Months

CHINA PRESS

China’s electricity consumption increased 7.7% from January to July, reaching 559.71 billion kilowatt hours, with demand up 5.7% last month, National Energy Administration data showed. Electricity consumption of primary, secondary and tertiary industries increased by 7.5%, 6.6%, and 11.0% y/y. In July, electrical machinery and equipment manufacturing grew 12.4% y/y, photovoltaic equipment went up 20.7% and new energy vehicle manufacturing rose by 42.8%. Song Xiangqing, vice president at the Chinese Society of Business Economics, expects demand to maintain rapid growth driven by mobile internet, big data, cloud computing, and charging services sectors.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.