Markets

China power consumption growth seen slow: report

Published February 25, 2012 Updated February 25, 2012 07:17am

China's electricity usage increased 12.7 percent in the first quarter of 2011, China Securities Journal reported, quoting Yang Changyu, secretary-general of the council.

Analysts often interpret power consumption in China as a proxy for economic activity, as official GDP figures are sometimes viewed as unreliable.

Despite the forecast slowdown in the first quarter, year-on-year growth rates are rising month-on-month, Yang said.

Copyright Reuters, 2012