The further decline indicates that consumption remains weak and further signs of economic recovery are yet to come.,
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(Caijing.com.cn) China’s daily power output was down 3.5 percent year-on-year in early April,
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The further decline indicates that consumption remains weak and further signs of economic recovery are yet to come.
China’s power consumption in March fell 2 percent year-on-year to 283.4 billion kilowatt-hours,
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Power output and consumption are closely linked to heavy industrial activity and are closely watched for signs of a pickup in manufacturing. Output has yet to recover from a decline that started in September,
franklin and marshall, when the impact of the global economic slowdown began to kick in.
Guangdong province and Guangxi autonomous region in the south and northern China’s Shanxi and Inner Mongolia saw the biggest drop in power output,
franklin marshall, the data show.
A power analyst who asked not to be identified told Caijing that Guangdong’s falling power output was noteworthy. The province is China’s manufacturing hub and has been hard hit by a massive slowdown in exports.
“(Falling power output) does not rule out the possibility of a new round of economic slowdown,
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China’s economy grew just 6.1 percent in the first quarter.
By staff reporter Li Qiyan
Full article in Chinese: http://www.caijing.com.cn/2009-04-17/110148202.html -->
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