Weak GDP slows climb in power use
By Richard Fu |
October 18, 2012, Thursday
|
Print Edition
Print Edition
CHINA'S power consumption growth slowed in September on weak industrial activity amid an economic slowdown.
Electricity use rose 2.9 percent to 405.1 billion kilowatt-hours last month from a year earlier, after gaining 3.6 percent in August, according to data released by the National Energy Administration yesterday. September's growth rate contrasted with the double-digit surge in 2011 and 2010.
In the first nine months, electricity use gained 4.8 percent, the NEA said.
The industrial sector, which accounts for 70 percent of total consumption, used just 1 percent more power in September, the data showed.
Shanghai-based Baoshan Iron and Steel Co, the country's largest listed steel mill, said last month that it had suspended production at a plant in the city's Baoshan District, becoming the first major Chinese steel producer to close a mill.
The State Electricity Regulatory Commission earlier forecast China's power consumption to rise 7 percent in 2012.
Domestic power use surged 11.7 percent in 2011 and 14.56 percent in 2010, above the economic growth of 9.3 percent and 10.4 percent respectively. China's economy rose 7.6 percent in the second quarter, the slowest since 2009.
Electricity use rose 2.9 percent to 405.1 billion kilowatt-hours last month from a year earlier, after gaining 3.6 percent in August, according to data released by the National Energy Administration yesterday. September's growth rate contrasted with the double-digit surge in 2011 and 2010.
In the first nine months, electricity use gained 4.8 percent, the NEA said.
The industrial sector, which accounts for 70 percent of total consumption, used just 1 percent more power in September, the data showed.
Shanghai-based Baoshan Iron and Steel Co, the country's largest listed steel mill, said last month that it had suspended production at a plant in the city's Baoshan District, becoming the first major Chinese steel producer to close a mill.
The State Electricity Regulatory Commission earlier forecast China's power consumption to rise 7 percent in 2012.
Domestic power use surged 11.7 percent in 2011 and 14.56 percent in 2010, above the economic growth of 9.3 percent and 10.4 percent respectively. China's economy rose 7.6 percent in the second quarter, the slowest since 2009.
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