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.