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China's social electricity consumption up 9 pct in Jan-April

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China's social electricity consumption up 9 pct in Jan-April

2024-05-21 14:48 Last Updated At:15:07

China's social electricity consumption, a key barometer of economic activity, climbed 9.0 percent year on year in the first four months of 2024, according to the National Development and Reform Commission at a press briefing on Tuesday.

Specifically, from January to April, power consumption by primary, secondary and tertiary sectors increased 10.1 percent, 7.5 percent, and 13.5 percent, respectively, spokesman Li Chao said.

China's residential power usage registered a year-on-year increase of 10.8 percent from January to April, he said.

In breakdown by regions, electricity consumption in provincial-level regions grew over 10 percent.

In April, social electricity consumption climbed 7.0 percent year on year.

From January to April, China's power generation of industrial enterprises above the designated size was 2.9329 trillion kilowatt-hours (kWh), an increase of 6.1 percent year-on-year. Power generation in April was 690.1 billion kWh, up 3.1 percent.

From January to April, the National Development and Reform Commission approved 50 fixed asset investment projects, with a total investment of 320.7 billion yuan (about 45.17 billion U.S. dollars), mainly in high-tech and water conservancy industries. Among them, 20 fixed asset investment projects were approved in April, with a total investment of 115.2 billion yuan (about 16.22 billion U.S. dollars).

China's social electricity consumption up 9 pct in Jan-April

China's social electricity consumption up 9 pct in Jan-April

China's railways carried a total of 337 million tons of freight in May this year, up 2.8 percent year on year, with demand for coal-driven electricity as a driving force behind the movement.

The month saw nearly 71 million tons of freight transported by containers, up 20 percent year on year, according to statistics from China Railway.

According to China Railway, demand for electricity as summer approaches is keeping the railway system at high capacity. To support coal transportation of coal within the country and the export of Xinjiang coal, the average daily loading of coal on railways nationwide remained above 80,000 wagons and 55,000 wagons, respectively.

In international freight transport, China sent a total of 1,724 freight trains to Europe in May, sending 186,000 twenty-foot equivalent units of cargo, up 14 percent and 13 percent respectively year on year, setting a record for transport volume in a single month.

The China-Laos Railway carried 473,000 tons of cargo across the border in the month, up 16.2 percent year-on-year, along with a surge in fruit and vegetables transported to and from Southeast Asia.

China continues to promote its campaign to shift road freight to rail. Ports across the country are improving ship-to-train transshipment solutions with an average of 33,600 wagons transshipped per day, up 15.4 percent year-on-year.

China's freight trains carry 337 million tons in May, with container traffic grows quickly

China's freight trains carry 337 million tons in May, with container traffic grows quickly

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