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Rebound powers ahead
Source: Xinhua |
July 22, 2009, Wednesday
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Print Edition
Print Edition
CHINA'S power generation in the first 10 days of this month rose by 3 percent year on year, continuing the rebound last month, according to the power dispatch center of the State Grid Corp of China.
Power consumption and generation started to grow last month, putting an end to eight consecutive months of decline since October. Power consumption rose 4.3 percent last month year on year, against a 2.57-percent fall in May, said the China Electricity Council. Power generation saw a year-on-year rise of 5.2 percent, versus a 3.55-percent decline in May, said the National Bureau of Statistics.
Analysts said last month's rebound was partly a result of increased industrial activity, while high temperatures late last month also boosted consumption.
Despite possible ensuing fluctuation, China's power consumption is expected to rise about 3 percent this year, said Hu Zhaoguang, deputy head of Beijing Economic and Technological Research Institute of the State Grid.
Power consumption and generation started to grow last month, putting an end to eight consecutive months of decline since October. Power consumption rose 4.3 percent last month year on year, against a 2.57-percent fall in May, said the China Electricity Council. Power generation saw a year-on-year rise of 5.2 percent, versus a 3.55-percent decline in May, said the National Bureau of Statistics.
Analysts said last month's rebound was partly a result of increased industrial activity, while high temperatures late last month also boosted consumption.
Despite possible ensuing fluctuation, China's power consumption is expected to rise about 3 percent this year, said Hu Zhaoguang, deputy head of Beijing Economic and Technological Research Institute of the State Grid.
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