{"id":10335,"date":"2015-07-23T17:25:20","date_gmt":"2015-07-23T22:25:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10335"},"modified":"2015-07-23T17:25:31","modified_gmt":"2015-07-23T22:25:31","slug":"china-electricity-consumption-grows-at-slowest-pace-in-30-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10335","title":{"rendered":"China Electricity Consumption Grows At Slowest Pace In 30 Years"},"content":{"rendered":"

China Electricity Consumption Grows At Slowest Pace In 30 Years<\/a><\/h3>\n

Chinese\u00a0Electricity Consumption year-to-date grew at 1.3%<\/strong>\u00a0year-over-year in June.\u00a0As China People’s Daily reports,<\/a>\u00a0this is the\u00a0slowest pace for mid-year in 30 years<\/strong>\u00a0according to\u00a0China Electricity Council<\/a>.<\/p>\n

 <\/p>\n

\"\"<\/a><\/p>\n

As China People’s Daily reports,<\/em><\/a><\/p>\n

\n
China Electricity Council released \u201cA Brief on 2015 Jan.-Jun. Electricity Industry\u201d on July 21,<\/a>reporting a declined acceleration rate on\u00a0power consumption of 1.3%- the lowest acceleration rate in 30 years.<\/strong><\/div>\n

According to the brief, the first half of 2015 sees a total electricity consumption of 2662.4 billion kWh all over China.\u00a0Electricity supply relatively surpasses the demand, but the investment in electricity construction still increases.<\/strong><\/p>\n

The data varies in different areas.\u00a0There are 19 provinces whose acceleration rates are above the 1.3% national average<\/strong>, and there are 9 provinces whose acceleration rates are below zero.<\/p>\n

The data also varies in different industries.\u00a0Electricity consumption in secondary industry decreases by 0.5%: the very first time to decrease in five years.<\/strong>\u00a0Electricity consumption in light industry increases by 2.1%, while heavy industry decreases by 0.9%.<\/p>\n

Electricity data has long been the barometer of economy.\u00a0<\/strong>According to China Energy News, experts point out that the decreased acceleration rate is the indicator that\u00a0China has entered a phase of slower economic development.<\/strong><\/p><\/blockquote>\n

*\u00a0 *\u00a0 *<\/p>\n

While we know only a tin-foil-hat-wearing fringe blog would question the honesty of China’s headline macro data, the weakest growth in Electricity consumption in 30 years does tend to suggest things are not as ‘unicorns and ponies’ as some would have the world believe.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

China Electricity Consumption Grows At Slowest Pace In 30 Years Chinese\u00a0Electricity Consumption year-to-date grew at 1.3%\u00a0year-over-year in June.\u00a0As China People’s Daily reports,\u00a0this is the\u00a0slowest pace for mid-year in 30 years\u00a0according to\u00a0China Electricity Council.   As China People’s Daily reports, China Electricity Council released \u201cA Brief on 2015 Jan.-Jun. Electricity Industry\u201d on July 21,reporting a declined […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[130,7497,7498,4318],"class_list":["post-10335","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-china","tag-chinese-electricity-consumption","tag-power-consumption","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10335"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10335\/revisions"}],"predecessor-version":[{"id":10337,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10335\/revisions\/10337"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}