AI Data Insight
China's secondary industry electricity consumption growth rate reached 6.0% YoY in May, significantly accelerating from 5.3% in the previous month. This electricity consumption growth mainly benefited from the strong double-digit growth in high-tech and equipment manufacturing, as well as new energy vehicle manufacturing. Looking ahead, the development of new quality productive forces will continue to support electricity demand, but attention should be paid to the potential interference of overseas trade barriers on export industries.