AI Data Insight
China's industrial power consumption year-on-year growth rate fell to 1.8% in September 2026 (Q3 2026), a significant pullback from the previous period's 2.7%. Although the decline in traditional energy-intensive industries and extreme weather dragged down the overall data, power consumption in high-tech manufacturing and internet data services surged against the trend. As the industrial structure continues to upgrade, new quality productive forces are replacing traditional manufacturing to become the core driving force supporting the growth of power consumption.