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China power consumption rises 9.5%
November 15, 2013, 10:15 am

[Xinhua]

China’s power consumption in the first 10 months of the year stood at 4.383 trillion kilowatt hours (kWh) [Xinhua]

China’s electricity consumption, an indicator of economic activity, rose 9.5 per cent from a year earlier, according to official data released by the country’s National Energy Administration on Thursday.

Overall power consumption last month was lower than September’s 10.4 per cent rise and August’s 13.7 per cent increase, the data showed.

China’s power consumption in the first 10 months of the year stood at 4.383 trillion kilowatt hours (kWh).

Wang Zhixuan, Secretary General of the China Electricity Council (CEC), said slower electricity consumption in October was in line with market expectations of lower economic growth in the final quarter of the year.

China’s gross domestic product growth accelerated to 7.8 per cent in the third quarter, up from 7.5 per cent in the April-June period and 7.7 per cent in the first three months of the year.

Growth in the first nine months stood at 7.7 per cent, above the government’s full-year target of 7.5 per cent and gives more room for promoting structural readjustment.

Chinese President XI Jinping last week pledged to continue the nation’s economic reforms and policy of opening up its markets.

“There are sufficient factors supporting China’s economic development. We are confident that the Chinese economy will keep growing in a sustained and healthy way.”

Meanwhile, Wang said the government will make more efforts to curb excess production capacity in the fourth quarter in sectors including steel, cement, electrolytic aluminium, sheet glass and shipping, which are all big power users.

Xinhua

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