Electricity consumption, which is considered as one of the most reliable economic indicators in China, increased by 8.9 percent year-on-year in the first 3 quarters, the fastest pace in six years, and 2 percentage points higher than a year earlier, according to China’s National Energy Administration.
The data is thought to give a more accurate picture of growth than GDP. Hence, it seems safe to say that the world’s second-largest economy is holding up well amid the trade war with the US.
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