Electricity consumption in China set to rise by 6 per cent this year

Source: firstpost.com firstpost.com

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New Delhi: Electricity consumption in China is set to rise by 6 per cent this year. According to a report in the South China Morning Post, “In 2023, China’s economic operation as a whole is expected to recover, driving the growth rate of electricity consumption higher than in 2022,” the China Electricity Council said. The most optimistic forecasts say China’s business and consumer activity might revive as early as the first quarter of this year. But before that happens, entrepreneurs and families face a painful squeeze from a surge in virus cases that has left employers without enough healthy workers...