MNI BRIEF: China Electricity Demand Up In February

China’s electricity consumption rose 8.6% y/y in February to 743.4 billion kilowatt hours, data from the National Energy Administration showed on Tuesday, driven by a 12.4% increase in industrial demand.

Household demand went up 4.2%, the data showed. From January to February, total electricity consumption reached 1556.4 billion kilowatt hours, a y/y increase of 1.3%.

China is moving to boost domestic demand, using fiscal and monetary stimulus. (See MNI: China Stimulus To Support Steel Futures Until Peak Season)