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China's power use up 6.9 pct in May

China

China

China

China's power use up 6.9 pct in May

2026-06-19 11:30 Last Updated At:15:06

China's electricity consumption, a key barometer of economic activity, went up 6.9 percent year on year in May, official data from the National Energy Administration showed Thursday.

Power use totaled 867.1 billion kilowatt-hours last month, according to the administration.

A breakdown of the data showed that power consumed by the primary industry rose 5 percent year on year to 12.4 billion kilowatt-hours, while power consumed by the secondary industry increased 6 percent to 575.3 billion kilowatt-hours.

Within the secondary industry, industrial power use rose 6.2 percent year on year to 570.3 billion kilowatt-hours, while electricity consumption by high-tech equipment manufacturing climbed 12.2 percent to 109.1 billion kilowatt-hours.

Power use by the tertiary industry reached 170.4 billion kilowatt-hours in May, up 9.7 percent compared with the same period last year. The charging and battery swapping service sector and internet data services reported rapid growth in electricity consumption, rising 59.9 percent and 45.4 percent, respectively.

Residential electricity consumption rose 7.5 percent from a year earlier to 109 billion kilowatt-hours.

In the first five months of the year, China's total power use reached 4,201.8 billion kilowatt-hours, up 5.7 percent year over year, the data showed.

China's power use up 6.9 pct in May

China's power use up 6.9 pct in May

Total assets of China's financial institutions came in at 556.34 trillion yuan (about 82.2 trillion U.S. dollars) by the end of the first quarter of 2026, a year-on-year increase of 8.8 percent, according to the data released on Thursday by the People's Bank of China, the country's central bank.

The liabilities of financial institutions nationwide stood at 509.53 trillion yuan, a year-on-year increase of 9.0 percent, the data showed.

The financial institutions include banking, securities, and insurance institutions.

China's financial institutions report 8.8 pct growth in total assets: data

China's financial institutions report 8.8 pct growth in total assets: data

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