"Lights" Reflecting Economic Trends: Double digit Growth in Electricity Consumption for "New" Industries in the First Quarter
2024-04-19
The electricity consumption of the whole society in China increased by 9.8% year-on-year; The electricity consumption of high-tech and equipment manufacturing industry increased by 14.5% year-on-year; The electricity consumption of the charging and swapping service industry increased by 70.1% year-on-year... In the first quarter of this year, China's electricity consumption continued to grow rapidly, and the electricity consumption of multiple "new" industries showed double-digit growth. The brilliant "lights" reflect the new economic trends of China's industrial upgrading and consumption potential tapping. In the "Xinchuang Park" in Linping, Hangzhou, rows of optical communication chips are manufactured, tested, and packaged under the precise etching and operation of robotic arms. As the headquarters project of Xinyun Optoelectronic Technology Co., Ltd., Xinchuang Park integrates research and development, testing, manufacturing, and office work. It was completed and put into use on January 27 this year. The reporter learned from the Hangzhou Energy Big Data Center that in the first quarter of this year, there were 6629 enterprises in Hangzhou that applied for telegraph installation, with a reported installation capacity of 2.37 million kilovolt amperes, an increase of 10.2% compared to the same period in 2023. The rapid growth and continuous improvement in the number of market entities is not an exception for the upward trend in electricity consumption in Hangzhou. In the first quarter, the electricity consumption index of the entire industry in Zhejiang was 112.10, exceeding the dry and prosperous line by 12.10. From a national perspective, the total electricity consumption in the first quarter of this year was 2.34 trillion kilowatt hours, a year-on-year increase of 9.8%. The growth rate was basically the same as the fourth quarter of last year, continuing the trend of rapid growth. Electricity consumption is not only a barometer of economic development, but also a direct reflection of the upgrading trend of industries. In Guangxi, Liuzhou has become an international highland for the new energy vehicle industry, with over 210 major enterprises in the related industry chain experiencing a year-on-year increase of 30.6% in electricity consumption in the first quarter; In Guizhou, the new energy battery material cluster and data center cluster in Gui'an New Area have emerged, with electricity consumption increasing by 152.6% and 51.5% year-on-year in the first quarter, respectively; In Hunan, the manufacturing of urban rail transit equipment, electrical machinery, and equipment increased by 22.39% and 26.53% year-on-year in the first quarter, respectively; In Zhejiang, driven by the new energy industry, the electricity consumption growth rate of the electrical machinery and equipment manufacturing industry ranked first among the top ten manufacturing industries in the first quarter, surpassing the "general equipment manufacturing industry" to become the fifth largest manufacturing industry in Zhejiang... Moving towards "new" and pursuing "quality", on the land of China, one electricity consumption curve after another outlines vivid practices of developing new quality productivity and promoting high-quality development. The latest data from the China Electricity Council (referred to as the "China Electricity Council") shows that in the first quarter, the electricity consumption of high-tech and equipment manufacturing industry increased by 14.5% year-on-year, among which the electricity consumption of electrical machinery and equipment manufacturing industry increased by 29.6% year-on-year, continuing the rapid growth trend in recent years. The electricity consumption of the four major high load energy industries increased by 3.4% year-on-year, with a slower growth rate compared to the same period last year and the fourth quarter of last year. However, driven by the rapid growth of photovoltaic cells, the electricity consumption of the glass manufacturing industry increased by 12.6% year-on-year. Opening the observation window of electricity, China's consumption vitality can also be seen. Which business district is popular? You can find the answer in "Lights". Taking Changsha as an example, the analysis of State Grid Hunan Electric Power Energy Big Data Smart Platform shows that in the first quarter, the electricity consumption growth rate in the May Day commercial district of Changsha reached 15.46%, while the electricity consumption growth rate in the Meixihu, Hongxing, and Xingsha commercial districts of Changsha reached 15.46%
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