AI Data Insight
In Q2 2026, China's cumulative MoM growth rate of tertiary industry electricity consumption plunged to -5.25%, representing a sharp pullback from the previous 13.45%. Although electricity demand from new infrastructure such as AI data centers and charging/battery-swapping stations surged, the overall cumulative growth momentum still faces structural pressures constrained by traditional consumption recovery bottlenecks and a high base period. Moving forward, close attention is required to see whether the peak summer season can drive a data rebound.