Powering China’s Economy Takes More and More Electricity
China’s electricity consumption is expected to rise 8.5% this year, picking up from last year’s growth rate of 6.6% despite a slowdown in economic growth, the State Grid Energy Research Institute said in a report.
The report released over the weekend attributed the pickup in electricity consumption, a key barometer of economic activity, to factors including Beijing’s strategy to accelerate rural revitalization and revamp the countryside’s power grid.
- 1In Depth: Tesla Charges Into China
- 2China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 3Update: China’s New Credit Growth Hits Record High
- 4 Operators of ‘Underground Banks’ Which Move Cash Out of China to Face Jail
- 5China Suspends Registration of Direct Selling Firms
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas