China press: September power consumption +2.7% y/y

China press – China Economic Information daily ( via headlines on Bloomberg & MNI)

• September power consumption +2.7% y/y
• August was down 1.5% y/y
• September reading is the second worst performance in the past 18 months
• Power usage by heavy and light industry rose 5.3% y/y in September, a sharp reversal from August’s 1.6% y/y decline

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China Economic Information daily citing an unidentified person

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Electricity consumption data is often used as proxy for GDP by China watchers