China power consumption was up 8.8% year over year in August

[onebyone]

China’s power consumption increased 8.8 percent in August. Total power usage is on track to about 6800 bilion kWh for all of 2018.

China’s total installed power generation capacity reached 1,746.42 gigawatts at the end of August.

US installed power generation is about 1,090 gigawatts.

Total power use 652.1 Aug 8.8% increase Y/Y

4,529.6 billion kWh (Jan-Aug)

Total 1,746.42 GW 5.4

Hydropower 303.7GW +3.2%
Coal 1,111.5 GW +3.2%
Nuclear 38.0 GW +9.5%
Wind 174.0 GW +11.5%
Nuclear and solar power generation (kWh) went up 16.9 percent and 12.2 percent year on year.

https://www.nextbigfuture.com/2018/...tion-was-up-8-8-year-over-year-in-august.html

 

[onebyone]

Mr Dex
50 points
5 hours ago


This is another evidence that China's GDP is growing much faster than China's government data show us. Closer to 10% per year instead 6-7% per year.
More and more economists, analysts who digg deep into data are slowly discovering that China's true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US.

You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit.

China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense.
They want to have more time to become more advanced technologically and close the gap with the West.

China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion.

If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn't even bigger than $30 trillion.


Mr Dex
50 points
5 hours ago


This is another evidence that China's GDP is growing much faster than China's government data show us. Closer to 10% per year instead 6-7% per year.
More and more economists, analysts who digg deep into data are slowly discovering that China's true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US.

You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit.

China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense.
They want to have more time to become more advanced technologically and close the gap with the West.

China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion.

If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn't even bigger than $30 trillion.

 

[moweike]

Fake, China is going to collapse

 

[hiseen]

Mr Dex
50 points
5 hours ago


This is another evidence that China's GDP is growing much faster than China's government data show us. Closer to 10% per year instead 6-7% per year.
More and more economists, analysts who digg deep into data are slowly discovering that China's true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US.

You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit.

China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense.
They want to have more time to become more advanced technologically and close the gap with the West.

China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion.

If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn't even bigger than $30 trillion.


Mr Dex
50 points
5 hours ago


This is another evidence that China's GDP is growing much faster than China's government data show us. Closer to 10% per year instead 6-7% per year.
More and more economists, analysts who digg deep into data are slowly discovering that China's true size of economy is understated by around 15-30%, so in PPP terms it is already around $29 trillion this year. 50% larger than US.

You may ask, why are they doing it? Chinese have different mentality than Westerners, they know their potential, they do not have mentality of small states that love to overstate their GDP and are adding all kinds of ridiculous stuff to economic activity just to increase it a bit.

China wants for a while to hide her true strenght, and from perspective of such powerful yet still developing civilization, if you think about it for a bit, it makes perfect sense.
They want to have more time to become more advanced technologically and close the gap with the West.

China is also using other methods to calculate its GDP, if US would use the same methods, US GDP would be 20-30% or even more smaller than official 20 trillion.

If you look at data, like steel, cement production, cars production, machinery production, ore consumption, electricity consumption and electricity consumption growth, Venture capital activity(already much bigger than US) you may wonder if it isn't even bigger than $30 trillion.

Chinese people are questioning the government's magnification of data， the fact is the Chinese government is not very concerned about this data.

 

[bolo]

Chinese people are questioning the government's magnification of data， the fact is the Chinese government is not very concerned about this data.

Electricity consumption is one of the main driver to grasp health of economy

 

[oprih]

Good, it means that China's economy is very healthy and remains growing very fast. China's economy continue to shrug off the desperate sanctions and tariffs from america.

 

[hiseen]

Electricity consumption is one of the main driver to grasp health of economy

I mean， Chinese people question government's magnifying data，And at the same time Foreign agencies question China's government to reduce data， They should love each other.

 

[TaiShang]

This is another evidence that China's GDP is growing much faster than China's government data show us. Closer to 10% per year instead 6-7% per year.

Fake news.

India is the shining superpower and the US is the most indispensable nation.

China is a developing country with technology that is still way behind that of the developed countries.

As Indians and USnese know very well, China often inflates its numbers to make it look like stronger.

Believe in the Western neo-fascist media only when they talk badly about China and predicts its next collapse.

***

Over the first eight months of 2018, China’s total power consumption surged 9% from the same period last year, according to the China Electricity Council.

China’s industrial power consumption, a gauge of the country’s economic activity, also climbed 8.8% in August from a year earlier, reaching 410.6 billion kWh, according to data from NEA.

China’s power generation climbed 7.8% to 640.5 billion kWh in August from a year earlier, hitting a new high, data from the National Bureau of Statistics showed.

https://www.caixinglobal.com/2018-0...ion-hits-record-high-in-august-101329121.html