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Electricity consumption in China for the period from January to July increased by 9% in annual terms to 3 trillion 880 billion kilowatt-hours, the National Development and Reform Commission said. Compared with the same period last year, when the rise was 6.9%, the growth rate of the indicator increased. Demand for electricity from the industrial sector has increased since the beginning of the year by 7% in annual terms. In agriculture, consumption increased by 10%, in the services sector - by 14.2%. The demand of the population increased by 13.6%. Electricity consumption in the country is one of the key parameters for assessing economic activity in the PRC.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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