New loans, money supply growth down in July

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 1.Electricity consumption up 11.8 percent in July

China consumed 434.9 billion kilowatt-hours of electricity in July, up 11.8 percent from a year before, the country’s energy administrator said Monday.

China consumed 434.9 billion kilowatt-hours of electricity in July, up 11.8 percent from a year before, the country's energy administrator said Monday.

China consumed 434.9 billion kilowatt-hours of electricity in July, up 11.8 percent from a year before, the country's energy administrator said Monday. The figure brings total electricity consumption from January to July to 2.69 trillion kilowatt-hours, 12.2 percent higher than last year, indicating strong growth in industrial production. Electricity consumption is widely used as a proxy indicator for economic activity in China, where as much as 75 percent of power is used by industry and doctoring by local governments makes GDP figures suspect.

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