China's electricity consumption expanded in a robust manner in June this year, according to data from the National Energy Administration, while the country’s gross domestic product (GDP) grew by 5 per cent year on year (YoY) to around 61.68 trillion yuan (~$8.65 trillion) in the first half (H1) this year, data from the National Bureau of Statistics showed.Power use climbed by 5.8 per cent YoY in the month to 820.5 billion kilowatt-hours (kWh).
China's electricity consumption robustly expanded in June, while its GDP grew by 5 per cent YoY to around $8.65 trillion in H1 2024, official data show. Power use climbed by 5.8 per cent YoY in the month to 820.5 billion kWh and by 8.1 per cent YoY to nearly 4.66 trillion kWh in H1 2024. The value-added industrial output expanded by 5.3 per cent YoY in June.
Power consumed by primary, secondary and tertiary industries went up by 5.4 per cent, 5.5 per cent and 7.6 per cent YoY respectively.
Residential power use in the month rose by 5.2 per cent YoY to 116.6 billion kWh.
In the first half (H1) this year, the country's power use climbed by 8.1 per cent YoY to nearly 4.66 trillion kWh.
"Overall, the national economy has continued to improve in the first half in a stable manner," an NBS spokesperson said.
The country's value-added industrial output expanded by 5.3 per cent YoY in June.
Fibre2Fashion News Desk (DS)
