Electricity Regulatory Commission: Electricity Data Predicts Slowing Downward Pressure on Eastern Economy

According to the Voice of China News and Newspaper Briefs, the State Electricity Regulatory Commission released the first half of the electricity operation also suggested that although the growth rate of industrial electricity consumption decreased, but the slowdown in the growth rate of electricity consumption in the eastern part of the month tends to see The bottom shows a positive signal of economic recovery.

Data show that from January to May, China's second industry, the growth rate of electricity consumption growth rate is large, the growth rate of industrial electricity consumption is only 3.7%, continuing to be lower than the growth rate of electricity consumption in the entire society. Yu Yanshan, director of the State Electricity Regulatory Commission's Policy Research Office, said: "Because our country's secondary industry accounts for 75% of electricity use. Industrial secondary electricity in the secondary industry stands at 70%. So we really see whether electricity consumption is growing or falling. It's looking at industrial electricity. The growth in electricity demand is clearly down."

According to data released by the National Bureau of Statistics recently, in the first half of 2012, China's industrial added value above designated size increased by 10.5% year-on-year on a comparable basis, but the growth rate of industrial electricity consumption was only 3.7%. Is this somewhat contradictory? Yu Yanshan explained: “The data on electricity data below GDP have also happened in previous years. The main reason is that during the economic downturn, under normal circumstances, the growth of electricity is lower than the growth of GDP, and the economy is growing. At this stage, the growth of electricity is higher than the growth of GDP. This year's high-energy-consuming industries have seen a significant reduction in electricity use, and there is an inventory factor in this."

Yu Yanshan pointed out that despite the reduction in electricity consumption per unit of GDP in the primary, secondary, and tertiary industries, the contribution rate of the tertiary industry to GDP growth has increased by 6.4 percentage points year-on-year. From January to May, the decrease in the growth rate of electricity consumption in the eastern part of the eastern region was reduced month by month, which also indicates that the downward pressure on the eastern economy is decelerating: “The rate of decline in each month is decelerating, which is a positive signal. This proves that I started to enter. A bottom also means that the economy is in a process of recovery."

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