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China power consumption shows slowing industry trend in July

15 August 2012

China’s electricity use in secondary industries, a proxy for activity in the manufacturing sector, rose only 3.1% YoY to 339.5bn kWh in July, down from the 3.3% YoY rise in June, suggesting a further slowdown in industrial output, according to National Energy Administration (NEA) figures. This is consistent with China Confidential’s MoM Freight Volume Index (CC Jul 26, Freight Volume Indicator) which showed a fall to 44.1 in July from 46.1 in the June period.

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Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.