CHINA-ECONOMY

 A Xinhua despatch noted a statement of China's National Energy Administration (NEA) issued on June 15, 2015, that China's electricity consumption, an important indicator of economic activity, rose only 1.6 percent year-on-year to 456.7 billion kilowatt hours in May, slightly up from the 1.3 percent rise seen a month earlier. The NEA observed that power use went up 1.1 percent in the first five months. Electricity use by primary industry dipped 0.8 percent from a year earlier. Power consumption by secondary industry went down 0.8 percent, while tertiary industry saw an 8.3 percent rise. The lukewarm data added to a slew of other indicators that showed China's growth momentum has yet to solidify despite a string of government support policies, including three interest rate cuts since November 2014.

 






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