Rays of Recovery - Chinese Power Consumption Rises in June

  • Tuesday, July 14, 2009
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  • Keywords:power
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China Securities News citing sources from the China Electricity Council reported that China's power consumption rose 3.79%YoY to 305.22 billion kilowatt hours in June.

The country's power output reached 300.92 billion kilowatt hours in June up by 4.7% from a year earlier.

Analysts ascribed the increases in both figures to high temperatures in north China last month and several regional economic stimulus that started to take effect.

According to the report, the country's total power consumption and generation reached 1,641.1 billion kilowatt hours and 1,624 billion kilowatt hours in the first half of the year down by 2.43%YoY and 1.8%YoY respectively.

Mr Xue Jing, director of the statistics and information department under the CEC, agreed that increasing industrial activities and the heat wave contributed to the power consumption and output, but said more prudent observations are needed to tell whether the country's economy would embark on a new round of growth.

(Sourced fro China Securities News)
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