electricity

China power demand surge ends as Old Normal economy slows

The decline in China’s electricity consumption growth highlights the remarkable slowdown underway in its Old Normal economy, as the chart shows: Consumption growth took off in 2009 under the influence of the stimulus programme It rose 6.5% in 2009, and then accelerated further in 2010 when it was up 14.7% 2011 growth stayed at double-digit […]

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China’s lending, electricity consumption continues to slow

‘Bad news’ seems to have become ‘good news’ as far as China’s economy is concerned.  In the past, most analysts simply ignored the possibility of a major slowdown.  Now that the slowdown is underway, they still ignore it  – this time, because they are sure further stimulus is just around the corner. But time passes, […]

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China Q1 electricity consumption up only 1% as economy slows

More and more evidence is emerging of the major slowdown now underway in China’s economy. China’s leadership have warned this would take place since they took office 2 years ago.  And they have reinforced the message in recent months with their focus on explaining the move into the New Normal and its consequences. A major interview […]

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Halving of China’s electricity demand confirms major slowdown underway

China’s reported  7.4% GDP growth for 2014 was the lowest in 25 years.  But even so, it probably still overstates the true economic position.  How could China  possibly produce a final fiigure for GDP within just 20 days of 2015? Electricity consumption, as Premier Li has advised in the past, is a far more reliable guide to the actual […]

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China GDP reports remain “man-made and therefore unreliable”

The blog got 54.8m results from Google when it entered the phrase “China GDP” this week.  The only problem, seemingly unrecognised by most analysts, is that China’s GDP report is a completely fictitious number, invented by the leadership each quarter to suit its own narrative. This sounds a bold statement, but it isn’t: China is the only country to […]

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China’s electricity consumption shows growth at 4.5% and slowing

There’s a lot of wishful thinking underway about China’s future growth.  All the experts who told us that its growth was ‘inevitable’ and would never end, are now having to face the issue that clearly growth is now slowing fast. Their response, of course, is to remain in Denial mode.  They imagine that a magic […]

China’s electricity consumption shows growth at 4.5% and slowing Read More