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BEIJING - Electricity consumption and railway cargo volume, two key indicators of economicperformance, are showing encouraging signs of growth, China's national economic planner saidon Sunday.
China used 463.34 billion kilowatt hours of electricity from Aug 1 to 28, up 2.97 percent year-on-year. The growth rate was 6.54 percentage points higher than in the equivalent period last yearand 4.97 percentage points higher than in July, according to a statement on the website of theNational
Development and Reform Commission.
The commission said it expects power consumption for the whole of August to grow 3 percentyear-on-year and that it will continue to climb in September.
Meanwhile, the commission said, rail freight companies shifted 5.8 percent more cargo in Julythis year than July last year.
These trends were backed up by figures from key provinces.
In East China's Jiangsu province, industrial power consumption is expected to climb 6 percentyear-on-year in August. Public power consumption in Guangdong Province this month is set to be2 percent higher than in August 2014, even though the population have been less likely to blasttheir air-conditioning in this relatively cool Guangdong summer. The growth rate is expected to be4 percentage points higher than July.
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