Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Energy consumption recovers in Q1
Adjust font size:

In the data published by National Bureau of Statistics, the country's energy supply and consumption are both seen to have increased in the first quarter of this year. Meanwhile, the rate of decrease in energy consumption in major enterprises is slowing down month by month.

Preliminary statistics show that China's Q1 gross energy supply (energy production plus net imports) reached 655 million tons of standard coal, growing 3.45 percent over last year, and the increase rate is up 1.65 percent compared with Q4 last year, in which energy production amounted to 585 million tons of standard coal and imports registered 69.8 million tons, respectively up 4.31 percent and down 3.28 percent, both year on year.

Additionally, during the first three months of 2009 China's gross energy consumption reached 664 million tons of standard coal, increasing 3.04 percent compared with last year, and up by 2.25 percent over Q4 of 2008.

Consumption of coal and electricity are both recovering whereas an accelerated drop has hit petroleum. In Q1, the entire country consumed approximately 649 million tons of coal, up by 2.69 percent, 781 billion KWh of electricity and 57.35 million tons of oil, or a decline of 4.02 percent and 6.35 percent, respectively.

Recovery is also seen from infrastructural business and major energy consuming industries, which either report consumption growth or a slowing pace of decrease. The upward trend in these industries has been steady over the past 4 months, growing by 2.34 percent on monthly average.

The drastic drop in industrial production has now halted. Though it's still too early to say that the economy bottomed out in Q1, it seems not too far from that point.

Meanwhile, compared with last quarter of 2008, many indexes such as Q1 increased bank loans are flagging economic recovery, while the rising PMI, accompanied by the robust rebound of A Shares, is an economic highlight amid international gloom.

For more information, please consult the Chinese coverage at:


(China.org.cn by Maverick Chen, April 29, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- China allocates $3.4 bln on energy saving, ecological projects
- New energy vehicle still far from practical
- Int'l conference on nuclear energy ends in Beijing
- China, Russia make major breakthrough in energy cooperation

Apr. 11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr. 17-19, Hainan The Boao Forum for Asia Annual Conference 20
Apr. 20-23, Beijing Green Transformation: Forcast New Business Culture
Apr. 27-28, Beijing China Institute Executive Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?