NEA: China's power consumption in August rises 5% YoY

China's electricity consumption reached 1,015.4 billion kilowatt hours (kWh) in August, up 5% year on year, despite falling slightly from the all-time high of 1,022.6 billion kWh recorded in July, according to data from the National Energy Administration (NEA).

In August, China's secondary sector – essentially the industrial and manufacturing heart of the country – used 598.1 billion kWh of electricity, the highest since January 2022. The figure was 5% higher than the year-ago level and up slightly by 0.8% from July. China's factory activity in August presented a