 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
China's power consumption falls: state media
Beijing (AFP) Nov 16, 2008 China's power consumption fell in October from the same month a year ago, the first decline since 1999, state media reported Sunday, underlining the hit the nation has taken from the global economic woes. The world's fourth largest economy used 269.9 billion kilowatt hours last month, down 3.7 percent from October 2007, the Xinhua news agency said, citing the China Electricity Council. Economic growth in China slowed to nine percent in the third quarter, the lowest level in over five years, and unnamed experts quoted by Xinhua warned the power data could herald a further weakening of growth. Xinhua quoted analysts with Shanghai-based Guotai Jun'an Securities as saying the drop in consumption, combined with a fall in power output, signalled a slowdown in the country's economy that went "beyond expectations". "The sector has cut production due to a continuous price slump of industrial commodities both at home and abroad," said a Guotai Jun'an analyst, according to Xinhua. Share This Article With Planet Earth
Related Links
Dutch arrest dozens at Greenpeace chain protest
The Hague (AFP) Nov 15, 2008Dutch police on Saturday arrested more than 80 Greenpeace activists, many of whom had chained themselves to structures and machinery at the site of a new coal-fired power station in Rotterdam. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook