AI Data Insight
China's industrial power consumption year-on-year growth rate further slowed to 2.7% in August 2026, lower than the previous value of 3.3%, marking a downward trend for four consecutive months. This reflects the overall sluggish manufacturing sentiment and insufficient domestic demand; however, high-tech and equipment manufacturing continued to maintain relatively fast growth. Going forward, attention should be paid to the boosting effects of policy stimulus on industrial activities.