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November 13th Macroeconomic Index: China's Electricity Consumption Surges, Digital Transformation Accelerates

May 29, 2024, 11:58 AM
TDD-global
6313
In September, China's electricity consumption increased by 9.9% year-on-year, with notable growth across all sectors. Over 2,500 digital workshops and intelligent factories have been built, boosting manufacturing efficiency. Social finance additions significantly exceeded market expectations, signaling potential short-term economic stabilization. The CSRC's adjustments to the securities lending system aim to promote capital market stability and recovery.