China’s energy production and consumption recovered fast over the January-March quarter, following the steady resumption of economic activity last quarter, new data from the National Bureau of Statistics (NBS) showed. Despite the higher energy consumption, the country made more progress in energy saving, with energy consumption per GDP unit dropping 3.1% on year against the sharp growth of 18.3% on year in China’s total GDP in Q1.
Energy production across China increased notably in Q1, thanks to the low base during January-March last year and supported this year by steady energy demand, according to NBS data. Last year, output of major energy products had declined on year, affected by the outbreak of the COVID-19 pandemic. Over January-March, China’s
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April 19, 2021 at 12:33PM
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NBS: China's Q1 energy output, consumption recover fast - Mysteel Global
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