The NEA released new data on Chinese energy consumption showing just 3.7% year over year growth. That’s 3.3% lower than the March reading. China Scope Financial has the details on the report:
- Data released by the National Energy Administration (NEA) on May 14 show that China’s electricity consumption totaled 389.9 billion kWh in April, up 3.7% year-on-year, 3.3 ppts lower than the growth number in March. Power consumption by industrial enterprises amounted to 285.8 billion kWh, up 3.6% year-on-year.
- Decline of power consumption growth shows a continuous down trend in economic growth.
- In the first four months this year, the average utilization time of power generating facilities in China was 1,480 hours, down 48 hours year-on-year. Hydroelectric power generating facilities’ time in use was 728 hours, down 72 hours year-on-year; and the time figure for thermal power generating facilities was 1,705 hours, down 30 hours year-on-year.
- Related Data: Total Electricity Consumption, Primary Industry Electricity Consumption, Secondary Industry Electricity Consumption, The Tertiary Industry Electricity Consumption, Urban and Rural Residents Electricity Consumption, Industrial Electricity Consumption.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.