> China's state planner says power consumption up 2.3% y/y, & approves more than 10 investment projects

China's state planner says power consumption up 2.3% y/y, & approves more than 10 investment projects

Monday, 17/08/2020 | 02:26 GMT

The National Development and Reform Commission of the People's Republic of China (NDRC) is the 'state planner'

July power usage up 2.3% y/y
11 fixed asset investment projects approved in the month, 32.8bn yuan in total

State support is a key factor underpinning the Chinese economic recovery. You can expect more infrastructure investment ahead. Keeping up demand for commodities such as iron ire (and thus prices)