AI Data Insight
The latest year-over-year growth rate of China's tertiary industry electricity consumption reached 5.6%, slowing from the previous 9.7%, reflecting a brief pause in the overall recovery momentum of the service sector. Despite the overall growth moderation, benefiting from the expansion of AI computing power and new energy vehicles, electricity consumption in both internet data services and charging and battery-swapping services soared by over 40%. Looking ahead, the new economy sector will continue to act as an engine for electricity consumption growth, while testing the grid's peak-shaving capabilities and computing-power-and-electricity synergy.