By Luxiao Zou at People’s Daily Online
China Electricity Council released “A Brief on 2015 Jan.-Jun. Electricity Industry” on July21, reporting a declined acceleration rate on power consumption of 1.3%- the lowestacceleration rate in 30 years.
According to the brief, the first half of 2015 sees a total electricity consumption of 2662.4billion kWh all over China. Electricity supply relatively surpasses the demand, but theinvestment in electricity construction still increases.
The data varies in different areas. There are 19 provinces whose acceleration rates areabove the 1.3% national average, and there are 9 provinces whose acceleration rates arebelow zero.
The data also varies in different industries. Electricity consumption in secondary industrydecreases by 0.5%: the very first time to decrease in five years. Electricity consumption inlight industry increases by 2.1%, while heavy industry decreases by 0.9%.
Electricity data has long been the barometer of economy. According to China EnergyNews, experts point out that the decreased acceleration rate is the indicator that China hasentered a phase of slower economic development.
Source: China Sees Slowest Increasing Rate of Power Consumption in 30 Years – People’s Daily Online
