Electricity Demand Defies China Slowdown Fears ...Middle East

OILPRICE - Economy
Electricity Demand Defies China Slowdown Fears
source : OILPRICE ( Middle East ) () 31
China’s economy is set to grow at lower rates than previously expected as the U.S.-China trade war will take its toll on the GDP of the world’s second-largest economy after the United States. Yet, figures about Chinese power generation and consumption haven’t dropped—consumption has even held strong at the start of the year. The manufacturing sector, which accounts for two-thirds of China’s power demand, continues to grow, but growth slowed in April to 6.1% from a year earlier, from a 7.7% increase in March. The real…

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