Power consumption by China jumped more than three-fold during the month of July, compared to the same period a year ago, data released by the country’s economic planner confirmed Tuesday.
In July alone, electricity consumption totaled 552.3 billion kilowatt hours, data released by the National Development and Reform Commission showed Tuesday. China's power consumption rose by 8.2 percent y/y in July after 2.6 percent y/y in June, the data showed.
Power consumption totalled 3.31 trillion kilowatt hours in the first seven months of this year, up 3.6 percent from the same period last year, Reuters reported, citing, Zhao Chenxin, spokesman for the NDRC.
Moreover, electricity use in the service sector and agricultural sector rose 10.2 percent and 6.4 percent, respectively, in the January-June period, while the industrial sector saw an increase of 1.6 percent.
Meanwhile, the average use time for hydraulic power production equipment increased in the first seven months, while that for coal-fired power production equipment dropped, official data showed.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 



