China Electricity Output Rises
China's electricity output increased by 26.9% to 323.4 billion kWh in the last month, compared with the same period a year ago, according to the National Bureau of Statistics. The increase represents the biggest hike since January 2005 when electricity output had increased by almost
China’s electricity output increased by 26.9% to 323.4 billion kWh in the last month, compared with the same period a year ago, according to the National Bureau of Statistics.
The increase represents the biggest hike since January 2005 when electricity output had increased by almost 28%, reports Bloomberg.
China’s industrial production increased by 19% in November, supported by a $586bn stimulus package, record bank lending and incentives for purchases.
The bureau said that coal production increased by 26% to 290 million tonnes, while crude oil output declined by 1.1% to 15.7 million tonnes.
The country’s economic growth accelerated to 8.9% during the third quarter.