x

China’s daily power generation hit new highs in July, reflects recovery of national economy

China’s daily power generation has hit new highs in July. As urbanization continues to improve and financial enterprises keep supporting the real economy, the national economy recovered steadily in July.

Social electricity consumption is regarded as an economic barometer. From the recent data released, social electricity generation and electricity consumption are both growing positively.

In terms of power generation, industrial power generation at and above the national scale increased by 1.9 percent in July compared with the same period last year. Among them, hydropower, nuclear power and wind power generations increased by 6.1 percent, 6.7 percent and 23.2 percent respectively over the same period last year.

Referring to electricity consumption, in July the electricity consumption of the whole society increased by 2.3 percent compared with the same period last year. Among them, the electricity consumption of the primary, tertiary and residential industries increased by 11.6 percent, 5.3 percent and 13.8 percent respectively compared with the same period last year.

The electricity consumption of the secondary industry decreased by 0.7 percent compared with the same period last year, mainly due to a decline in the growth rate of electricity consumption in high energy-consuming industries such as electricity, building materials, iron and steel.

In the manufacturing industry, the electricity consumption of the automobile manufacturing industry increased by 20.3 percent compared with the same period last year, and electricity consumption of the furniture manufacturing industry, computer communications and other electronic equipment manufacturing industry, general equipment manufacturing industry, electrical machinery and equipment manufacturing industry, and food manufacturing industry all grew by more than double digits.

From a regional point of view, electricity consumption is growing in 20 provinces across the country, including Sichuan, Jiangxi, Guangxi, Guangdong, Tibet, Fujian, Inner Mongolia and Yunnan, with a growth rate of more than 10 percent.

Preliminary analysis shows that daily power generation across the country is reaching new highs, which is not only a result from the continuous high temperatures and the need for air conditioning, but also reflects the continued steady recovery of the national economy, Meng Wei, spokesman for the National Development and Reform Commission said.

Source: People’s Daily Online

Hot this week

RCCG Pastor Urges Men to Embrace Physical Exercise for Greater Productivity

By Achadu Gabriel, KadunaThe Zonal Pastor of the Redeemed...

Carnival in Aba as Tinubu commissions reconstructed Port Harcourt Road

By Lucy OmakpoThe commercial city of Aba was transformed...

NNPC Foundation Boosts Economy with Agricultural Intervention, Say Kano Farmers

By Jabiru HassanFarmers in Kano State have commended the...

EFCC Arraigns Company Accountant for Alleged N200m Theft in Lagos

Francis Wilfred‎The Lagos Zonal Directorate 2 of the...

Carnival in Aba as Tinubu commissions reconstructed Port Harcourt Road

By Lucy OmakpoThe commercial city of Aba was transformed...

Minister Nnaji’s Certificate Scandal: CACOL Demands Immediate Sack and Prosecution

***By Jabiru Hassan**The Centre for Anti-Corruption and Open Leadership...

CSO Calls for Abolition of CBN’s 2% Service Charge on Hajj Fare

**By Jabiru Hassan**The Independent Hajj Reporters (IHR), a civil...

Engr. Abba Kabir Yusuf Deserves Royal Treatment

**By Kamaluddeen Sani Shawai**When a leader restores hope and...

Ogwashi-Uku Union Accuses ODA of Attempting to Incite Unrest

*...Says Allegations Against Monarch Baseless***By Anne Azuka**The Ogwashi-Uku Town...

Interfaith Mediation Centre to Host October 2025 Climate Hangout in Kaduna

**By Achadu Gabriel, Kaduna**The Interfaith Mediation Centre (IMC) is...

LAND USE CHARGE: KGIRS Offers Rebates, Urges Property Owners to Pay Voluntarily

**By Noah Ocheni, Lokoja**The Kogi State Internal Revenue Service...

Related Articles

Popular Categories

spot_imgspot_img