AI Data Insight
China's total electricity consumption MoM growth rate in 2026 Q3 (August) reached -12.921%, sharply dropping from the previous value of -0.6538% and marking a significant single-month decline. Although total electricity consumption and load still reached historical highs, a sharp decline in residential air-conditioning electricity usage due to typhoons and rainfall became the main cause of the drop. However, high-tech manufacturing and internet data services maintained strong double-digit growth, highlighting the accelerated transition between the economy's old and new growth drivers.