综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

China's power data point to positive signs, pressure

(Xinhua) Updated: 2014-07-16 09:50

BEIJING - Slightly higher power consumption in the first half of 2014 indicated China is still battling to arrest a slowing economy, analysts said.

China's power consumption, an important indicator of economic vitality, rose 5.3 percent from a year ago to reach 2.63 trillion kwh, according to the National Energy Administration on Tuesday.

"Although changes in power consumption were not big, they kept the momentum of steady growth," said Liu Zhu, an electricity analyst at China Credit Rating.

In June alone, power use increased 5.9 percent from a year ago, up 0.6 percentage points from the growth in the previous month.

Liu expects power consumption to continue its slow growth in the short run as the economy needs to gain steam further.

Other indicators, including the purchasing managers' index (PMI) and exports, show signs that the economy is consolidating, even if the signs are still weak.

The Chinese economy expanded 7.4 percent in the first quarter of 2014, insignificantly lower than the year's growth target of 7.5 percent. Wednesday will see release of a string of broad economic indicators, including GDP.

The power consumption data in the first half of the year fell short of a 6 percent projection by the China Electricity Council, which in May maintained its forecast of 7 percent growth for the whole year.

"The latest data are in line with the general economy," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.

Lin warned that the economy is still under pressure as the electricity consumption growth was still lower than the full-year GDP growth target.

During the January-June period, electricity use by primary industries dropped 4.6 percent year on year. Power consumption by the industrial sector rose 5.1 percent while that by tertiary industries went up 6.9 percent.

In the first half, private homes and the service sector contributed more to the entire electricity use, indicating that economic restructuring has gained traction, Lin said.

China's power data point to positive signs, pressure

China's power data point to positive signs, pressure

Top 10 skyscrapers in the world Fancy a ride? Hop into China's 3D printed boat!

 

Hot Topics

Editor's Picks
...
...
雷州市| 松原市| 汉沽区| 和静县| 漾濞| 沭阳县| 廉江市| 郎溪县| 宁远县| 定远县| 洛扎县| 锡林郭勒盟| 临汾市| 罗源县| 通江县| 花莲市| 宣城市| 赤水市| 曲水县| 中方县| 崇文区| 民权县| 同德县| 辉南县| 林芝县| 乌鲁木齐县| 平邑县| 休宁县| 武功县| 融水| 秦皇岛市| 闽清县| 宣城市| 呼和浩特市| 黄龙县| 贵南县| 贡嘎县| 忻城县| 石渠县| 得荣县| 云霄县|