CHINA’S power use growth, a key barometer of economic activity, accelerated in September due to more consumption by the service sector, an increasingly significant driver of the Chinese economy, official data showed yesterday. A total of 496.5 billion kilowatt-hours of electricity was consumed last month, up 6.9 percent year on year, according the National Development and Reform Commission. The growth was in sharp contrast to a 0.1 percent drop in the same period of 2015 and extended year-on-year increases seen since July. Electricity consumed by the service sector expanded rapidly in September, with information, computing and software industries surging 17.1 percent year on year, NDRC official Zhao Chenxin said. Power use by commerce, hospitality and catering industries grew 14.5 percent, while financial and real estate industries as well as business … Next »

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