Electricity consumption in April dropped by 3.63% year-on-year.

According to the latest data released by the China Electricity Council, the electricity consumption of the whole society in China fell by 3.63% in April, compared with 2.01% in March, and the decline has expanded. Experts pointed out that the decline in industrial production electricity consumption, which accounts for more than 75% of the total electricity consumption in the whole society, is the main reason. Whether the slowdown in industrial growth will continue will affect the future economic trend.
Li Ruoyu, deputy director of the Financial Research Department of the Economic Forecasting Department of the National Information Center, pointed out: "China is still in the process of industrialization, and it is still dominated by industry. Industry must start production lines and start to use electricity. So it can be said that industrial electricity consumption is the whole. Synchronous indicators of industrial production."
From the point of view of electricity consumption in the whole society in April, it has decreased compared with the same period of last year, and it has also expanded from the previous month.