News

Chinas 2020 Power Consumption Grows 3.1

0

BEIJING, Jan 19 Reuters Chinas power consumption in 2020 rose 3.1 from the previous year, the countrys state planner said on Tuesday, despite several months of disruptions to industrial activity caused by the coronavirus outbreak.

The National Development and Reform Commission NDRC said at a press briefing that electricity consumption from primary industry grew 10.2 from 2019, while consumption from secondary and tertiary industry increased 2.5 and 1.9, respectively.

The NDRC did not give the absolute figures for power consumption last year. In 2019, China consumed a total of 7.23 trillion kilowatt hours kWh.

China has been leading the global economic recovery since emerging from the initial impact of the COVID19 pandemic. Its gross domestic product GDP expanded by 2.3 in 2020, making China the only major economy in the world to avoid a contraction last year as many nations struggled to contain the coronavirus.

A manufacturing recovery in the fourth quarter, when GDP expanded by an unexpected 6.5 from a year earlier, caused a power crunch across industrial belts in the country.

China produced a total of 7.42 trillion kWh of electric power in 2020, up 2.7 from a year ago, according to data from the National Bureau of Statistics on Monday.

Reporting by Stella Qiu, Muyu Xu and Emily Chow; Editing by Tom Hogue

Source Reuters

 

Carrefour Shares Slump as Proposed CoucheTard Deal Unravels

Previous article

Chinas Geely Teams Up with Tencent on Smart Car Tech

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News