AI Data Insight
Latest data shows that China's industrial electricity consumption month-over-month (MoM) growth rate in May 2026 (Q2 2026) fell from 2.98% in the previous month to -0.35%, showing a short-term contraction. Although overall industrial electricity consumption fluctuated monthly, benefiting from the strong expansion of AI and new energy vehicles, the year-over-year (YoY) growth rates of electricity consumption in high-tech equipment manufacturing and internet data services both reached double digits, highlighting that industrial structural upgrades are continuously reshaping power demand momentum.