New loans, money supply growth down in July
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China.org.cn, August 15, 2011
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Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week: |
1.Electricity consumption up 11.8 percent in July
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China consumed 434.9 billion kilowatt-hours of electricity in July, up 11.8 percent from a year before, the country's energy administrator said Monday. |
China consumed 434.9 billion kilowatt-hours of electricity in July, up 11.8 percent from a year before, the country's energy administrator said Monday. The figure brings total electricity consumption from January to July to 2.69 trillion kilowatt-hours, 12.2 percent higher than last year, indicating strong growth in industrial production. Electricity consumption is widely used as a proxy indicator for economic activity in China, where as much as 75 percent of power is used by industry and doctoring by local governments makes GDP figures suspect.
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