Leaving the Lights on in the Middle Kingdom

Electricity consumption is up in the Middle Kingdom and industry growth could shed light on economic bright spots

Electricity consumption in the China is up across the board. Construction is up 13%. This is important due to the increased momentum we have seen in construction. The industries with largest consumption increase are transportation and wholesale & retail. Hotels are up 10% in consumption. This is noteworthy considering on SSE, catering & travel as an industry is down 1.5% in YTD trading. Considering the majority of industries are trading -20% or more on the SSE, the increased electricity consumption means hotels are leaving the lights on for travelers.

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