|
BIZCHINA> Center
![]() |
|
Troubled economy drags down power consumption
(Xinhua)
Updated: 2008-11-17 15:08 China's power consumption stood at 269.85 billion kilowatt hours (kwh) last month, down 3.7 percent compared with October last year, the first year-on-year monthly decrease since 1999.
Power supply also dropped last month with total electricity generated at 264.5 billion kwh, down 4 percent from October last year. "Power generation was dragged down mainly by a 5.2 percent year-on-year decrease in coal-fired power supply, which accounts for about 80 percent of China's total power," the CEC statement said. Analysts with Shanghai-based Guotai Jun'an Securities said the drop in consumption and supply signaled a slowdown in the country's economy that went "beyond expectations". "The sudden slowdown in power demand shows many companies in the manufacturing sector have cut production due to a continuous price slump of industrial commodities both at home and abroad," said a Guotai Jun'an analysis issued last Friday. Experts further warned the decrease in power supply may sound an alarm for future economic slowdown, as successive falls in power generation often precede a similar downward trend in economic growth. (For more biz stories, please visit Industries)
|
||||
交城县| 漾濞| 九江市| 苗栗市| 泰兴市| 卢龙县| 淮南市| 竹山县| 黎川县| 元谋县| 晋宁县| 安西县| 新乡市| 定日县| 开封县| 和田县| 含山县| 西安市| 平乡县| 黑龙江省| 清镇市| 开远市| 奎屯市| 永昌县| 贞丰县| 洪雅县| 尉氏县| 牡丹江市| 古交市| 临潭县| 安化县| 万全县| 宣威市| 广丰县| 临夏市| 阿拉尔市| 肇源县| 安乡县| 比如县| 昌宁县| 石渠县|